Can you apply for a mortgage as a non-resident in the Netherlands?
Jan 10, 2023

Can you apply for a mortgage as a non-resident in the Netherlands?

Being a non-resident and applying for a mortgage in the Netherlands

Good news, yes, non-residents may be able to apply for a mortgage in the Netherlands. It is crucial to keep in mind, nevertheless, that foreigners may find the process more difficult than Dutch citizens do.

Non-residents in the Netherlands must fulfil specific requirements and documents in order to qualify for a mortgage via a bank. These requirements might include things like the applicant's income, debt-to-income ratio, and amount of savings. It is crucial as a non-resident to have a specific notion of the kind of property you are interested in buying as well as your spending limit.

Being a non-resident you must provide a variety of documents to the bank in order to apply for a mortgage, including proof of identification, income, and proof of assets/ savings. Along with having a clear notion of the kind of property that you are interested in buying, you should also have a rough idea of your own budget.

You will be informed about the outcome of your mortgage application once all required paperwork has been received and the bank has finished its evaluation. In order to complete the mortgage agreement, you will, being the applicant, need to submit the relevant documentation and pay any necessary down payments if the application is accepted.

It should be noted that the procedure for submitting a mortgage application as a non-resident in the Netherlands can be complicated, thus it is suggested to seek the assistance of a experienced mortgage advisor to make sure that all essential procedures are in place on time.

Banks that work with non-residents in the Netherlands

There are not many banks who are willing work with non-residents, only a handful are willing such as:

  1. ABN-AMRO Bank NV - Financing is maximum 85% of the market value.

Keep in mind that you will need to show a Dutch passport and a Expat declaration form to be able to start the process. This does not mean that your application will be accepted, this might take 4-8 weeks to be finalized.

Get in touch with our experienced mortgage advisors to help you find out what the options are.