Residence Requirements For Expat Mortgages

Did you know that there are some special conditions for expats who want to get a Dutch mortgage? There are residence- and income-based requirements. In this article, Team Concepts covers residence requirements for expat mortgages.

Residence requirements

Like any other potential borrower, you’ll need to be registered to live in The Netherlands and be able to provide your citizen service number (BSN) and documentation to support. 

If you are an EU/EEA (European Economic Area) citizen, your BSN should be enough. If you are from outside the EU/EEA, you are required to have a valid residence permit (verblijfsverguinning). 

Residence permit types

There are temporary and non-temporary residence permits. 

With a temporary residence permit, there are very few mortgage lenders who will approve you for a mortgage. If you are in the Netherlands as a highly skilled migrant (kennismigrant) – this type of permit is often obtained when you are being sponsored by your employer – there are plenty of options for you! Many mortgage lenders will approve you for a 100% loan-to-value mortgage based on your income. 

With a non-temporary residence permit, such as a permanent residence, you can generally get approved for a mortgage with minimal difficulty. 

Minimum residence duration

In theory, you could move to the Netherlands today and apply for a mortgage tomorrow. However, some mortgage lenders may have special conditions based on how long you’ve lived in the Netherlands. For example, mortgage lenders may require you to have lived in the Netherlands for at least 6 months (or more) before approving you for a loan. 

It's possible that other conditions apply to you based on your country of origin. Contact Team Concepts for a free consultation to learn more.