Buying off ground lease: a new chance for the Amsterdam lease transfer scheme

Buying off ground lease in Amsterdam. Once again the city council will open up the perpetual leasehold transfer scheme. The city has agreed to reopen the possibility to buy off ground lease. This means that residents of Amsterdam who were eligible for the scheme until January 8, 2020, but who have not opted for it, will have another chance to buy off ground lease.

Buying off ground lease

Attractive offer

The choice for perpetual leasehold is attractive for a number of reasons. For example, because the calculation is based on the lowest WOZ value from 2015 or 2016. Since those years, the WOZ value in Amsterdam has risen sharply. An old – read lower – value is also used for the neighborhood street quote (BSQ), namely that from 2017 (view the BSQ values ​​on a map here). Finally, the switching premium of 35% is also used, where 25% has currently been set.

Buying off ground lease and the consequences for your mortgage

Some mortgage lenders require prior approval if you want to make the switch to perpetual ground lease. It is also possible that a mortgage lender requires a new mortgage deed. A&H Finance can tell you exactly what the consequences will be for your mortgage and what actions need to be taken.

Transfer or refinance

You can refinance the amount of the commutation through a new mortgage or transferring your current mortgage. For this it is good to have your financial situation mapped out by our advisers. Based on this, we can tell you exactly what is the best option for you. Especially now that mortgage interest rates have been rising for some time, it is good to map out all the options and conditions. Call us for a first acquaintance and visit our office in Amstelveen.

Tax benefits

If you finance the commutation in a new mortgage, the interest is tax deductible under certain conditions. The annual payment of the ground lease is also currently deductible. Our partner TaxSavers can help you with the correct income tax return.

You will be notified automatically

The Municipality of Amsterdam started a consultation round on 24 June and citizens can give their opinion on the scheme until 19 September 2022. After this, leaseholders who qualify for the scheme will be personally informed.

We are happy to advise you!

Call us on +31 (0)20-4651951 for a first introduction. Or fill in our contact form and we will contact you.