viztravel.com

Being able to loan more is not a solution for starters

According to Bank, more money to borrow for starters does not solve the problems in the housing market. There is already talk about a broadening of the loan standards. But that will not improve the affordability of starter homes.

This will bring Bank (the budget information institute) to a roundtable discussion during a number of days and in that of the general committee for Housing and the Central Government Agency. Bank will propose to allocate just a portion of the housing stock exclusively for starters.

Distinction between singles and two-earners

woman 1169324 960 720 300x212
The institute (Bank) makes a distinction between two-income households and singles in order to clarify the problems on the housing market for starters. For example, two-income households from whom both partners earn a minimum wage can now take out a mortgage of 175,000 euros at an interest rate of 2 percent. For such sums, enough houses in the Netherlands are for sale.

Update: Two earners can borrow 170% for their new home.

Starters have a strong preference for renting

Many starters have a strong preference for renting above buying a house, according to Bank. These people are more or less forced to buy, because too few affordable rental properties are available. According to Bank, buying a house at a young age is normal in the Netherlands. It is a culture-based custom. This is precisely why house prices in the Netherlands are rising for cheaper homes.

Broadening loan rules is of little use since people already have money left

An expansion of the loan standards for starters does not make much sense, according to Bank. They note that the majority of tenants with a low income already have money left. In this case they are talking about incomes of two-income households up to a maximum of 35,000 per year.

More affordable rental housing as a solution for too high house prices

The solution is simple according to Bank. For example, there are many more affordable rental properties in the big cities. For example, starters are not obliged to buy their own home and there is more supply for the other group (the people who do want to buy a house). More supply and less demand, which irrevocably leads to lower house prices.

 

Generous loan

Generous loan is one of the lesser-known parties on the financial market. However, this party now has more than 20 years of experience in consumer loan for private individuals. Generous loan does not act as a lender, but serves as an intermediary between the consumer and various lenders.

It is important to mention that Bank not only focuses on large Dutch banks, but also on the more specialized lenders. After all, it is often the smaller parties in the financial sector that offer low interest to consumers.

In addition to the possibility to take out a new loan through Bank, this organization offers opportunities to transfer an existing loan . Crossing mortgages and loans can be interesting to reduce your monthly costs. When you transfer an existing loan, you take out a new loan from an organization with a lower interest rate. This loan is exactly as high as the loan that you still have to pay off at your current lender. By using the loan for the repayment of a current loan, you reduce your monthly payments. Generous loan can calculate for you whether this is interesting for you.

Personal loan and revolving loan

loan broker Bank can help you find a cheap personal loan or a profitable revolving loan . Before submitting a loan application, it is important to decide for yourself which type of loan best suits your situation. In the case of a one-off high expenditure, a personal loan is often the wisest solution. You take out a personal loan at a fixed rate in many cases. However, there are also parties that offer a personal loan for, for example, ten years, with the interest being adjusted after the first five years.

A revolving loan is interesting for consumers who regularly run into unforeseen costs or who have a shortage of cash. In this case, it may be nice to have a reserve on hand, in the form of a loan. The loan can be increased monthly up to a maximum amount. You also pay part of this loan and associated interest costs each month. In other words, the annual cost percentage . With a revolving loan, a variable interest rate is used, as well as that this type of interest does not have a fixed term.

Advice on loans from Bank

Requesting a quote for the desired loan is very simple with Bank. You can submit your application online, after which Bank will assess whether you are eligible for this loan. This depends, among other things, on your past, your current debts with other lenders and your income. Your proposal will be made on the basis of the assessment of Bank. Now it is up to you to decide whether you will immediately take out the loan via Bank or continue looking for it. The website of Bank looks somewhat outdated. This may be a reason to opt for another loan intermediary.

 

 

Bank home loan insurance: advice, advice, group insurance

 

If you have a real estate project that you can not fund in its entirety, you will necessarily have to resort to a mortgage.

  • If your personal bank, your advisor can make you a loan proposal. Knowing that Bank’s reputation for real estate loans is well established.
  • If your bank accounts are in another bank, you can also ask Bank to offer you an encrypted offer. On the other hand, if it suits you, you will have to open a Bank current account and transfer your income to this account.

Anyway the banker will address the subject of insurance related to this mortgage. Because no credit of this type is granted if a borrower insurance is not subscribed at the same time. (This is valid for all banks).

Of course, the insurance he will offer you is the one with which he is in partnership.

Is there a choice of borrower insurance or is it necessary to take the one offered by the bank?

There was a time when the bank imposed its insurance without the borrower having a say. It is now possible to choose the insurance company that you want to cover a loan.

Specifically, we advise you to make comparisons between several “quotes”, namely that proposed by the banker and those you have asked various insurance companies . And this, for the following reason: Strong savings are achievable by choosing the most competitive insurer.

Warning :

We have just explained to you that you have the right to take out the loan insurance you want. On the other hand, you must know that the bank still has a say because if it can not force his insurance, it is she who decides the necessary guarantees to cover the loan.

Therefore: The insurance you choose should contain the same guarantees as the insurance Bank has offered you.

The mortgage offer that your adviser gives you mentions these different guarantees. So when you contact insurance companies you just have to give them a copy of this document, so that they adapt their offers.

OUR OPINION AND OUR ADVICE

The insurance that Bank offers is a group insurance, This type of coverage is according to the profile of the borrower sometimes competitive. But in many cases, an individual insurance is more interesting in terms of cost. There is only one way to know the cheapest formula: Compare several insurance, compare it to that of Bank and opt for the cheapest.