Singles can get a higher mortgage next year than now, reports Minister Hugo de Jonge (Housing). Anyone who earns more than 28,000 euros per year can borrow 16,000 euros more. They are given more space because they have relatively lower fixed costs than when they live with someone, is the reasoning of Nibud, among others.
The mortgage standards will be further relaxed in more situations next year. It had previously been announced that a buyer may borrow more for a sustainable home. From label D and C, this saves 5,000 euros on the mortgage. It then increases in steps of 10,000 euros, up to an extra mortgage of 50,000 euros for a house with an A++++ label and an energy performance guarantee for the next ten years. According to budget institute Nibud, there is room for this, because these homes have lower energy costs.
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Former students are also allowed to borrow more. We no longer only look at the original debt, but interim repayments carry more weight. A student who can repay a debt of 25,000 euros in 35 years at the current interest rate will receive approximately 4,000 euros more in mortgage at an interest rate of 4.5 percent. If that person had had no debt at all, the mortgage space would have been 23,000 euros larger.
Yet purchasing remains difficult for many single people. According to the Hypotheker, with an average salary of approximately 40,000 euros per year, someone will receive a mortgage of more than 127,000 euros, with a fixed interest rate for the next twenty years. According to housing website Funda, there are approximately 250 homes for sale for less than 150,000 euros. The supply of these houses is especially tight in the Randstad. The average house price last year was around 430,000 euros, according to Statistics Netherlands.
A spokesperson for De Jonge acknowledges that these measures may cause house prices to rise: after all, buyers have more to spend and will make higher offers on homes. At the same time, the government wants more houses to be made more sustainable. According to the government, a broader mortgage standard for this will contribute to this.