Dutch Mortgage Glossary

A

• aanvraag hypotheek – mortgage application
• aflossen – repay / amortize
• aflossingsvrije hypotheek – interest-only mortgage
• annuïteitenhypotheek – annuity mortgage

B

• bankgarantie – bank guarantee
• BKR-registratie – credit registration (Bureau Krediet Registratie)
• bouwdepot – construction deposit / building escrow
• bruto maandlasten – gross monthly costs

E

• eigendomsoverdracht – transfer of ownership
• eigen geld – own capital / down payment
• executiewaarde – foreclosure value

F

• financieringsvoorbehoud – financing contingency clause
• fiscaliteit hypotheekrente – mortgage interest tax rules

H

• hypotheek – mortgage
• hypotheekadviseur – mortgage advisor
• hypotheekakte – mortgage deed
• hypotheekaanbod – mortgage offer
• hypotheeklasten – mortgage expenses
• hypotheekrente – mortgage interest rate
• hypotheekrenteaftrek – mortgage interest deduction (tax benefit)
• hypotheekverstrekker – mortgage lender

I

• inkomenseis – income requirement
• ingebrekestelling – notice of default
• inschatting marktwaarde – market value estimation

K

• koopakte – purchase agreement
• koopovereenkomst – purchase contract
• koopprijs – purchase price
• kosten koper (k.k.) – buyer’s costs (transfer tax + notary)

L

• leenruimte – borrowing capacity
• leningdeel – loan part
• Loan-to-Value (LTV-ratio) – Loan-to-Value ratio

M

• maandlasten – monthly costs
• marktwaarde – market value
• maximale hypotheek – maximum mortgage amount
• melding kredietwaardigheid – creditworthiness report

N

• NHG (Nationale Hypotheek Garantie) – Dutch Mortgage Guarantee Scheme
• notaris – notary
• notariskosten – notary fees

O

• onderhandse akte – private deed
• opeethypotheek – home equity release mortgage
• overdrachtsbelasting – transfer tax
• overwaarde – home equity

R

• rentevaste periode – fixed-interest period
• risicoklasse – risk class (for mortgage pricing)

S

• schuldenlast – debt burden
• startersvrijstelling – first-time buyer transfer-tax exemption
• straatwaarde – market street value

T

• taxatierapport – appraisal report / valuation report
• te overbruggen bedrag – bridging amount
• toetsinkomen – assessment income

V

• verbouwingskosten – renovation costs
• verkoopwaarde – sales value
• verzekeringsplicht – insurance requirement
• voorwaarden hypotheek – mortgage terms & conditions
• voorlopige koopakte – preliminary purchase agreement

W

• waarborgsom – deposit / security deposit
• woningwaarde – property value
• woonquote – housing-expense ratio