A Dictionary of Dutchness

NHG

The Nationale Hypotheekgarantie or national mortgage guarantee was introduced in 1995 to encourage home ownership and currently covers premises valued up to around €350,000. The guarantee means that if people default on a NHG mortgage, a special home ownership fund (the WEW) will pay off the debt. Almost 50% of homes bought under the guarantee limit are financed by NHG.