The conditions and standards for the National Mortgage Guarantee in 2016 are known. These are the most important changes for an NHG mortgage as of January 1.
Conditions and standards for the National Mortgage Guarantee
The Home Ownership Guarantee Fund (WEW) adjusts the conditions and standards for the National Mortgage Guarantee every six months. The foundation follows the laws and regulations and looks at the performance of the fund that guarantees the NHG mortgage
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In 2016, the conditions and standards for an NHG mortgage will change on a number of points. These are the most important changes:
Less can be borrowed next year in relation to the home value. This percentage goes from 103% to 102%.
Dual-income households could borrow more next year
In addition, the foundation takes over the financing burden standards from Good Finance. Earlier it was announced, among other things, that dual-income households could borrow more next year.
From 2016 onwards, a study debt will weigh less heavily in the calculation of the maximum mortgage. The weighting factor for a student loan goes from 0.75% to 0.45%.
The upper limit of an NHG mortgage is currently EUR 245,000. The NHG limit would be lowered from 1 July 2016. However, the limit for an NHG mortgage is not lowered.
Bossible interest loss in a new-build home
A possible interest loss in a new-build home may be part of the home value in 2016. This makes it easier to co-finance these costs in the NHG mortgage.
If you move house with a residual debt next year, you can let the old home pass after the new home has been purchased. At this time, a residual debt can only be co-financed when the old home has been passed by the notary.
Here you will find the complete conditions and standards for NHG in 2016 (pdf)