The maximum price for an apartment or house with an NHG guarantee will go up to €435,00,000 next year. In addition buyers who pledge to invest in sustainability measures will be able to get a guarantee for up to €461,000.
More than 40% of current transactions involve properties with an NHG guarantee, which is particularly popular among first time buyers.
The NHG is a government scheme that covers homeowners’ losses if they have to sell their house for less than the outstanding mortgage because of divorce, illness or unemployment.
Buyers pay a surcharge of 0.7% on their mortgage to cover the cost of the scheme, but are often able to borrow at lower rates because of the reduced risk.
The new NHG limit is currently above the average amount buyers are paying for a home at present. According to national statistics agency CBS, in September, the average price paid for a flat or apartment was €422,175.
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