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Reddit in general blows but for a highly specific question like that it’s probably a better place to ask, or at least to find out if there’s an even better NL-specific forum. I do think we have a couple Dutch-living-people on T&T though, maybe ask in the Europe thread if this one doesn’t get traction.
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Apr 4, 2022 18:44
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Yeah also to add on that, interest rates are skyrocketing right now. We bought a place in January at 1.65% for a 20 year fixed. We had an offer at 1.5% in early November for the same bank when we offered on a place we didn't get, and the rate again at the same bank was 1.85% two weeks ago; I asked our mortgage guy how much it had changed for our same offer within the last 2 months. Still way lower than most other places, but it also means that even if your house value crashes after you buy it, it would have to crash pretty hard to be a worse deal than renting. Still imho rent for a couple years before buying, just so you know the area, if you want to stay, etc. I don't know how it is in NL but some EU countries have significant taxes if you sell after owning for less than some period of time (e.g. 2 years). There are also EU-wide standard bank penalties if you do early repayment on a fixed rate mortgage with > €450,000 remaining on it at time of repayment (so e.g. if you have a €700k loan, then you have to worry only about the 'excess' €250k) although iirc even that is capped at 6 months of interest @ the current payment amount + some random amount determined based on the difference in the current interest rate & your fixed rate mortgage, which could easily be like >€20k, but it's not going to bankrupt you, unless your house was an apocalyptically bad buy. It also depends are you planning to immigrate to NL, or are you planning like a no more than 5 year stint? In the latter case imho I'd suggest renting unless you have quite a lot of money, which I'm guessing is not the case since you are working a normal job and you mentioned electricity and gas prices as being insane. Saladman fucked around with this message at 08:50 on Apr 7, 2022 |
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Apr 7, 2022 08:47
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