Financing for a new-build property works differently to that for an existing property. We’ll walk you through it.
Buying a new-build property requires different preparations to buying an existing home. You’ll face different costs, payment schedules and, often, a period during which your current housing costs and the costs of your new home run concurrently. It’s therefore helpful to know in advance what to expect.
With new-build properties, you usually take out a mortgage before your home is ready. The land and construction are paid for in different phases. Part of your mortgage is therefore paid into a building deposit account, from which the costs during construction are paid.
We ensure that your financing keeps pace with the construction. In doing so, we look together at:
That way, you’ll know exactly what to expect from the outset and can keep track of everything throughout the build.
With new-build properties, you need to plan well ahead. Your home might not be completed for another year or two. That’s why we look not only at how much you can borrow now, but also at the costs during construction and after completion. This way, you’ll know in advance how much financial leeway you have for your home, additional work and the other things that matter to you. Book an appointment now.
Your mortgage usually starts before your new home is completed. During construction, payments are made in instalments from the building fund. As a result, your monthly costs may change whilst the property is being built. Especially if you’re also paying rent or a mortgage on your current home, it’s important to discuss this period with us in advance.
Perhaps. With new-build properties, the costs of additional work can quickly mount up. An extension, a different kitchen, a luxury bathroom or extra electrical work: before you know it, a substantial amount will be added to the purchase price. That’s precisely why we don’t just look at how much mortgage you can get, but also at what you’ll need for additional work, fitting out the property and how you can still enjoy life afterwards. If you know where you stand, you can make informed choices about what you do – or don’t – spend your money on.
You don’t necessarily have to pay all the costs associated with a new-build home out of your savings. For example, some of the additional work can be included in the mortgage or paid for from the building deposit. Other costs, however, you will have to pay for yourself.
By deciding in advance what you can finance and where you’ll need to use your own money, you’ll have a much clearer idea of how much your savings will actually be needed for the move. That way, you won’t keep running into unexpected financial surprises during the build.
When it comes to major, important matters such as buying a home, it’s reassuring to be able to receive guidance in your own language.
We’ll work out which monthly costs suit your everyday life, leaving room for the things that matter to you, so you can simply enjoy life.
For over twenty years, we have been helping people in Rotterdam and the surrounding area with their financial decisions. We know all the key players in the region and use that experience to help you with your plans.
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Pop in at the Slinge in Rotterdam, or book an appointment. We’d be happy to make time for you.
Monday to Friday from 9.00 am to 5.00 pm. Prefer to visit in the evening? We’re also open by appointment on Thursday evenings.
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Great! You’re looking to buy your first home. There’s a lot to take in. We’ll help you get started and explain everything you need to know.
Moving to your next home: what are your options, and what should you do about your current mortgage?
Buying a second home – whether for your own use, for your children, as a holiday home or to let out – requires a tailored approach.
Book a free consultation. Just a good chat about your situation.
The first consultation is, of course, free of charge. We’ll discuss your situation, plans and any questions you may have, and see how we can help you. We’ll then explain what the next steps are, and any costs that may be involved. That way, you’ll know exactly where you stand from the outset.
Yes. We are not tied to any one bank or insurer, and we do not work on commission. We are familiar with all the providers, their costs and their terms and conditions. We’ll look at which provider best suits your situation.
Think about what you’d like to discuss and what plans or questions you have. A rough overview of your income, fixed expenses and any mortgage will help us get started, but it isn’t essential for the first meeting.
Would you like specific advice during the first meeting? If so, it would be helpful if you could bring your payslip, a statement of your savings, a list of your loans, etc., or send them to us in advance.
If you’d like, we can set up your account on the client portal in advance so you can upload documents. Please let us know when you book your appointment, and we’ll create an account for you.
Yes. Even if you’re an expat, we can help you with your mortgage and other financial queries. We’ll look at how your income and circumstances factor in and which options are best suited to your situation. We have extensive experience in this area. The consultation can be in Dutch, English or Polish.
You’re welcome to visit our office on the Slinge in Rotterdam. Of course, you can also book an online appointment. Whichever suits you best. You’ll receive the same personalised attention and clear explanations.
We’re open Monday to Friday from 9.00 am to 5.00 pm and on Thursday evenings by appointment.
Yes, of course. As an entrepreneur, your annual income can vary. We’ll look at your personal and business circumstances and find out which mortgage options are best suited to your situation. You can also come to us with any questions you may have about your pension, insurance and financial future.