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ENHANCED FINANCIAL OPPORTUNITIES FOR HOME BUYERS
Starting from the new year, the NHG limit will be raised to €435,000, an increase of €30,000 compared to the current limit of €405,000. This increase opens the door to more financial possibilities for home buyers. But what exactly is NHG?
WHAT IS NHG AND WHY IS IT IMPORTANT?
NHG, or National Mortgage Guarantee, provides a safety net for homeowners facing financial difficulties, forced sales, or residual debts. With NHG, you’re protected against financial risks and may even benefit from a lower mortgage interest rate. Currently, over 40% of all homes in the Netherlands have an NHG-backed mortgage.
WHY CHOOSE NHG?
Buyers often opt for NHG because of the protection it offers against financial risks and the opportunity to secure a lower mortgage interest rate. First-time buyers, in particular, make extensive use of NHG as it provides them with a safer financial position and facilitates their journey to homeownership.
WHAT DOES THE NHG LIMIT INCREASE MEAN FOR YOU?
With the new NHG limit of €435,000 in 2024, more home buyers will gain access to the benefits of NHG. This not only offers a safer financial position but also opens the door to a lower interest rate. Additionally, there’s extra borrowing capacity available for those looking to make their homes more sustainable, with an NHG limit of €461,100 for Energy-Saving Measures.
HOW CAN YOU BENEFIT FROM NHG IN 2024?
If you’re considering buying a home, understanding how NHG can assist you is essential. By choosing a property below the NHG limit, you not only enjoy protection against financial risks but also qualify for a lower interest rate.
We warmly invite you to reach out to us for a no-obligation appointment. As experienced buyer’s agents, we can guide you through this process, ensuring you can make the most of the recent NHG limit increase. We’re ready to answer your questions and support you in realizing your homeownership dreams.
