{"id":1712,"date":"2024-06-07T13:08:02","date_gmt":"2024-06-07T13:08:02","guid":{"rendered":"https:\/\/hypotheekenbuitenland.nl\/belgium\/collateral-acceptance-belgium\/"},"modified":"2024-06-07T14:32:28","modified_gmt":"2024-06-07T14:32:28","slug":"collateral-acceptance-belgium","status":"publish","type":"page","link":"https:\/\/hypotheekenbuitenland.nl\/en\/belgium\/collateral-acceptance-belgium\/","title":{"rendered":"Collateral acceptance Belgium"},"content":{"rendered":"

Collateral acceptance Belgium<\/h1><\/div><\/div><\/div><\/div><\/div>
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Acceptance of collateral<\/h2><\/div>

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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. <\/strong><\/p>\n

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<\/i><\/i><\/span>Courant collateral<\/span><\/a><\/h4><\/div>
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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.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Habitability<\/span><\/a><\/h4><\/div>
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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.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Special objects<\/span><\/a><\/h4><\/div>
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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.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>Commercial property<\/span><\/a><\/h4><\/div>
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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.<\/p>\n<\/div><\/div><\/div><\/div><\/div>