What does it cost to get a mortgage?

In addition to repayment and interest, you may also encounter additional costs when taking out a mortgage. Below, we have listed the most important ones for you.

• Valuation costs
  When purchasing an existing home, you will almost always encounter appraisal costs. A mortgage lender wants to know if the value of the house aligns with the price you intend to pay. To do this, we will hire an appraiser for you.
• Notary costs
  To take a mortgage, you need to go to a notary. Here, both the property and the mortgage files are registered in the public registers of the Land Registry. We want to point out that each notary sets their own fees. Therefore, we compare multiple notaries to prevent you from incurring unnecessary costs when closing your mortgage.

• Transfer tax
  You pay transfer tax when you purchase an existing home. You can calculate the amount yourself, as the transfer tax is two percent of the purchase price. These additional costs for taking out your mortgage are paid at the transfer of the property at the notary. If you are under 35 years old and the purchase price is below the established limit, you do not have to pay transfer tax.
• Consultancy costs
  If you choose a mortgage advisor from De Financiële Alliantie, there are costs associated with this. Don’t let this discourage you, as these additional costs for taking out a mortgage are more than worth it. We help you find the best mortgage for your situation, resulting in lower monthly payments. This can ultimately save you thousands of euros.