Until now, it was difficult for seniors to get a new mortgage if their retirement date was within the next 10 years. Banks would then already take their post-retirement income into account. Because this will almost always be lower than it is now, securing adequate financing proved challenging. The odd situation sometimes arose where someone with a comparable income could get a mortgage if their retirement date was still 11 years away.
In mid-June 2018, the National Mortgage Guarantee (NHG) introduced a new assessment method. This method takes into account the financial situation after retirement in a more realistic manner. With an NHG, seniors can now take out a larger mortgage to find suitable housing. The fact that seniors can also become active in the housing market will likely lead to a better flow of new homes. Experts expect that this will, in particular, make more spacious homes available for families.
Are you 55+ and looking for a new place to live? Before applying for a mortgage and purchasing a property, it's crucial to ensure the property is in good condition. A building inspection is essential. This can prevent many worries. Problems with a property are never pleasant, but they can also be quite costly. Want to be sure the property you're considering is in good condition? Request a building inspection now.
The cost of a building inspection (up to 250 m²) is only €489 including VAT. We'll conduct a comprehensive building inspection and you'll receive a building report. Do you have any questions? We're happy to help and can schedule an appointment with an expert inspector right away if you wish!
