During our webinar “Second Home Landlord Strategies” on September 18th, we received a lot of interesting questions. Here are the answers! We hope to have informed you sufficiently, if not, please let us know via the contact button below.
It’s time to file your tax return 2022! But did you know that for homeowners and people looking to take out a mortgage, the tax return can play an important role? We’ll explain why.
Why filing a tax return is important
The tax authorities will request more information from homeowners. This concerns information about the mortgage and the value of the property. Fortunately, a lot of information is already filled in beforehand, but it is your responsibility to check and supplement this information.
Increase your tax refund
If you bought a house or changed your mortgage in 2022, it’s important to know that certain financing costs are deductible, such as advisory and intermediary costs, costs for the mortgage deed, appraisal costs and NHG costs. If these costs are not filled in, you may miss out on thousands of euros in tax refunds. So don’t forget to include the costs you incurred in your tax return.
Faster mortgage application for entrepreneurs
If you’re an entrepreneur, the income tax return is important because lenders request this document to determine your income. Therefore, it’s wise to file the income tax return as soon as possible to make sure financing your dream house is achievable in short term.
Lower your monthly costs
Did you know that it’s also possible to receive your expected tax refund monthly in advance? Especially with the higher interest rates currently applicable to new mortgages, this can be interesting. The provisional assessment can be requested on the Tax Authority’s website. If your mortgage changes in 2023, for example, because you pay off extra, move, or the fixed interest period expires, don’t forget to inform the Tax Authority of the changes. This prevents you from having to repay too much.
Get expert help
We understand that filing a tax return can be complicated. Our advisors are happy to help you with your specific situation to determine what’s possible. Feel free to contact us.
If you consider buying a house in the Netherlands, you want to enter the real estate market well-informed and confident. Calculating your maximum Dutch mortgage possibilities would therefore be the kickstart of your house hunt. Accompanied by a mortgage adviser, you will get a better insight into your financial options, in which price range you can buy and your expected monthly costs.
Factors that influence your maximum mortgage
The main factors that influence your maximum mortgage are your income and the market value of your dream house. Based on your gross annual income (or profit) and current interest rates, your maximum mortgage will be determined. You cannot lend more than this maximum. In case the market value of the house is lower than the maximum based on your income, then the market value is the maximum you can lend.
10 or 20 years mortgage
A frequently asked question: “Do I fix my interest rate for 10 or 20 years?”. When calculating your maximum mortgage, the interest rate is influencing the maximum you can lend. A higher interest rates means higher monthly costs and therefore a lower maximum mortgage.
Depending on your personal situation, our mortgage advisers will help you to choose the best option for you. The calculator will be able to give you a first indication.
30% ruling
Do you have a 30% ruling? Some mortgage providers are willing to include this in their calculations. Since the higher net income is only temporary, it is often seen that the maximum mortgage only increases with a minimum amount. Nevertheless, it could be just enough to buy your dream house!
Start with an online mortgage calculator
Check your possibilities with our new online Dutch mortgage calculator, or contact our mortgage advisers for a free indication of your options.
As of November 28, 2022, leaseholders in Amsterdam who are still in the old leasehold system can make use of the leasehold buy off scheme.
A&H Finance, recently located at Amsterdamseweg 71 in Amstelveen, has won the FD Gazelle Award 2022. This prize is awarded to a limited number of growth companies in the Netherlands. For A&H Finance it is the fourth time that the mortgage consultancy has won this prize.
The growth of A&H Finance is partly due to the combination of brokerage, mortgage advice and tax advice at Amsterdamseweg 71. A unique combination of knowledge and expertise that is highly valued. Customers can go to one address in Amstelveen with their housing requirements, financial and tax issues.
FD Gazelle Award
“The FD Gazelle Awards are one of the most prestigious company awards in the Netherlands. The award is based solely on figures and is completely independent of journalism. Companies therefore do not pay to become an FD Gazelle, unlike many other entrepreneurial awards,” according to Het Financieele Dagblad.
The prizes for the fastest growing companies in the Netherlands will be awarded on Tuesday 22 November.
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Meetings also possible after 6pm
