Collateral acceptance Belgium
Acceptance of collateral
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Belgian banks are somewhat critical of the type of property to be financed. Houses that are not habitable or very a-typical or obsolete properties may not be accepted.
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Belgian banks are somewhat critical of the type of property to be financed. Houses that are not habitable or very a-typical or obsolete properties may not be accepted.
Belgian banks do not want to finance all houses. Only those houses that are sufficiently current in their eyes, i.e. houses that – should the (financial) need arise – can be sold again somewhat smoothly, are they willing to finance.
Homes that are in such poor condition that they are not habitable will not want to be financed by a bank unless the financial plan includes a budget for remodeling. Core elements of this are that, at a minimum, a house should have running water, a somewhat up-to-date electricity supply, heating, a sewer connection or functioning septic tank, a kitchen and a bathroom.
Special objects such as castles or water mills are more difficult to finance. There is a (very) small market for this type of special property and sales can take years. Even houses that are very A-type for the region still want to be a problem.
Houses or properties where it is abundantly clear to a bank that they will be operated as commercial properties in the future (for example, in the tourism sector) are not financed as (second) homes based on existing income.
Mortgage & Abroad
Inside 37
1011 BM Amsterdam
Telephone: +31(0)20 – 330 0139
Email: info@hypotheekenbuitenland.nl
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Column Maison en France – winter 2018 – Sale-leaseback. Pros and cons of outsourced rentals
Column Maison en France – Spring 2021 – The buying checklist
Column Maison en France – Spring 2020 – The peculiarities of the French mortgage
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Column Maison en France – fall 2021 – the SCI
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On September 29 and 30 and October 1, 2023 we will again be present at the Second Home Fair in the Jaarbeurs in Utrecht.
We would like to welcome you at booth number 626
Booth: ‘Maison en France’
Download handouts of the presentations made at the fair below:
On November 26, 2022, we will again be present at Castle Day. This time at Groeneveld Castle in Baarn (www.kasteelgroeneveld.nl). The Castle Day lasts from 10:30 a.m. to 5:30 p.m.
Tickets can be purchased at the entrance or can be pre-ordered online. Use the discount code “H&B50%” for a 50% discount on online tickets.
Download the handouts of the presentations made at the Castle Day below:
Presentation Castle Day Nov. 2022 Mortgage & Abroad – Mortgages France
For larger purchase sums (from about €1.5 million), there are banks that offer their services especially for this category of non-resident buyers. These are Private banks or special departments of regular French retail banks. Therefore, in addition to the annuity mortgage, the interest-only mortgage is also offered under certain conditions. The financing setup will be designed to be fiscally optimal.
An installment-free mortgage can be offered for wealthy clients who are willing to have part of their assets managed by a private bank specializing in this. For example, it is possible to borrow 100% interest-free, provided that 50% of the loan amount is placed with the bank as “Assets Under Management.
An integral part of the services provided by the banks serving this category of clients is to minimize Impôt sur la fortune immobilière (IFI). To this end, they advise on the overall design of financing and its administrative recording.
Hypotheek & Buitenland is licensed to provide these financial services by the Dutch regulator the Financial Markets Authority (AFM). Registration number with the AFM: 12047312(www.afm.nl)
In addition, Mortgage & Abroad is licensed with the financial regulators in
the following countries:
France: Orias(www.orias.fr)
Spain : Banco de España and DGSFP(www.bde.es and www.dgsfp.mineco.es)
Portugal: ASF(www.asf.com.pt)
Italy: IVASS(www.ivass.it)
Belgium : National Bank of Belgium and the FSMA(www.nbb.be, www.fsma.be)
Austria: FMA(www.fma.gv.at)
Mortgage & Abroad’s registration can be viewed with the regulators in their online
public records.
Mortgage & Abroad makes every effort to provide its clients with the best possible service. If for any reason you as a customer are not satisfied with the service provided, Hypotheek & Buitenland has an internal complaints procedure, aimed at handling the complaint promptly and carefully.
If you have a complaint about our services, please contact us by phone or send an email explaining your complaint. The complaint procedure then takes effect.
Phone number: +31 20 3300139
E-mail: info@hypotheekenbuitenland.nl
Hypotheek & Buitenland is affiliated with the KiFid (Financial Services Complaints Institute)
(www.kifid.nl): affiliation number: 300.017711
Once we start working with you, you will receive from us “the service guide. The service guide provides further details about Mortgage & Abroad, what services we provide and exactly how we do it.
The service guide details the following topics:
The service manual is an integral part of the agreement/assignment of services we enter into with you. You will receive the service guide along with our proposal for compensation for our services.
Hypotheek & Buitenland is registered with the Amsterdam Chamber of Commerce (www.kvk.nl):
Chamber of Commerce number: 74627198
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