The Netherlands will offer higher mortgages for energy-efficient homes from 2024

From 2024, Dutch residents may be able to get a higher mortgage for an energy-efficient house than for a house with a lower energy label. According to Housing Minister Hugo de Jonge, people who pay less for energy because their homes are well insulated, for example, can responsibly afford a higher mortgage.

The Cabinet plans to take this step based on the advice of the budgeting institute Nibud. The Ministries of Interior and Kingdom Relations and Finance will work to make this happen.

The government is also changing the way student debt weighs on a mortgage. Currently, mortgage lenders look at total student debt and associated monthly repayments when determining the amount of a mortgage loan. But if former students have made additional repayments on their student loans, their actual monthly repayments are lower. From 2024, mortgage lenders will take this into account.

According to De Jonge, most households will be able to borrow a little more to buy a house in 2023, thanks to expected wage increases and purchasing power measures taken by the government. Without these, the maximum mortgage would decrease for everyone due to higher mortgage interest rates.

People with dual incomes will be able to borrow even more next year, because both incomes will count 100%. Currently, the income of the second earner only counts for 90% according to the mortgage standards.

“It is important that people can buy a house that matches their wishes and their personal situation as much as possible. At the same time, households need to have enough money for other essential expenses like groceries and energy,” De Jonge said. “The annual lending standards update is a good system to prevent buyers from borrowing more than they can afford.”

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