Are you between 52 and 56, with specific housing wishes, or has your personal situation changed because, for example, your children have left home? Then it is wise to take action in good time.
Different rules from age 57 when calculating your maximum mortgage
From the age of 57 (10 years before the Dutch state pension age), mortgage lenders are required to use a different method to calculate your maximum mortgage. They take into account not only your current employment income, but also your expected pension income.
Please note
If your pension income is lower than 70% of your current employment income, this will result in a lower maximum mortgage.
This is not always the case. From state pension age, somewhat more generous mortgage rules apply, partly thanks to the lower tax rate in the first bracket. There may also be other sources of income that can support a higher maximum mortgage.
Want to know exactly what your options are?
Have a personal calculation made by a DGA mortgage advisor.
Surplus value plays a role
Do you have surplus value (overwaarde) on your current home? This can affect the mortgage options available to you, both for refinancing an existing mortgage and for taking out a new one.
Between 52 and 56 and thinking about your mortgage? Act soon.
Before you turn 57, there are more generous options for taking out a mortgage. From 57 onwards, the options may, depending on your personal situation, be more limited. Avoid unnecessary risk and act in time, so we can carefully review everything with you.
Conclusion
If you want to take out a new mortgage or adjust an existing one, it is best to arrange this well before you turn 57. That way we have the time to discuss your options thoroughly and arrange a well-considered, affordable mortgage for you.
Make a no-obligation appointment
Make a no-obligation appointment with one of our mortgage advisors. We are happy to help.