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In 2024, several important changes will be implemented regarding Dutch mortgage rules. Hugo de Jonge announced this earlier this month (November 2023). The following groups of homebuyers will be able to obtain a higher mortgage:
Buyers of an energy-efficient house
From January 1, 2024, the maximum mortgage you can get will partly depend on the energy label of the home you want to buy. If you buy a house with a better energy label, you can borrow up to €50,000 more than for a house with a worse label. This encourages buying energy-efficient houses.
Additionally, investing in energy-saving measures in your current home is encouraged. In 2024, you can borrow extra for making a house with a poor energy label (energy labels E, F, and G) more sustainable. How much extra you can borrow ranges from €10,000 to €20,000.
Former students with student debt on which extra repayments have been made
Are you a former student with student debt on which you have made extra interim repayments? Then we have good news for you. In 2024, the impact of your student debt on the size of your mortgage will be calculated differently. It will no longer be calculated with the original amount of your student debt but with what you pay back monthly.
Calculations will be based on the current costs of your debt. These new rules provide a better picture of the monthly expenses associated with repayment. If you have made extra repayments, this means you can borrow more.
Want to know more about mortgages and your student debt?
Single individuals with an income of at least €28,000
For single individuals with an annual income of at least €28,000, there is also good news. From January 1, 2024, you can borrow an additional €16,000. As a single person, you often have lower expenses compared to households with multiple people. The aim of this new rule is to offer more opportunities to single individuals when buying a home.
A caveat is that house prices are expected to rise due to the new rules. Additionally, buying a home remains a challenge for single individuals. A person with an average income of €40,000 per year can obtain a mortgage loan of about €160,000. There are few houses on the market for this price. According to CBS, the average house price in the Netherlands was even €422,000 in 2023.
Buying a home as a single starter is even more challenging. It's no wonder that many people are exploring the possibilities of buying a house with the help of parents. Want to know more about this? Read our article: 5 ways to buy a house with your parents.
The consequences of the new rules
House prices are expected to rise due to the new rules, as different groups of people will be able to borrow more. As a result, higher bids are likely to be made. At the same time, the government promotes the sustainability of homes. This stimulates the growth of sustainable houses.
Do you want to buy a house in 2024?
Keep a close eye on the news and research how the changes might affect your situation. Also, consider talking to a real estate agent and mortgage advisor. They will answer all your questions and assist you throughout the entire process of buying a home.
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