If you sell your current home first, you know exactly what it will bring in and how much you can spend on your next home. This reduces the risk of double housing costs and takes away some of the time pressure, which may help you achieve a better selling price.
The downside is that you’ll need to find temporary accommodation and move twice. You may also need to arrange storage for your furniture.
"}},{"componentType":"paragraph","title":"Taking your current mortgage interest rate with you","richBody":{"value":"You may currently have a lower mortgage interest rate than what’s available now. In that case, you can often take your existing interest rate conditions and tax benefits with you to your new home. This is possible for up to six months after you have repaid your old mortgage, or if your new mortgage is taken out within six months after repayment of your current one.
"},"textLinks":[{"url":"/en/personal/mortgage/buying-a-house/buying-another-house/taking-your-mortgage-with-you","text":"Read more about mortgage portability"}],"alignedImage":{"position":"right","transformBaseUrl":"https://assets.ing.com/transform/20381e15-8f16-4e59-ad9f-bdc37e3ae17a/Woman-music","altTextEN":"Woman moves with music","altTextNL":"Vrouw verhuisd met muziek","original":"https://assets.ing.com/m/69d01363f9228d73/original/Woman-music.png","extension":"png"}},{"componentType":"sectionTitle","title":"Buy first, then sell"},{"componentType":"paragraph","richBody":{"value":"Have you found your dream home and don’t want to let it slip away? Then buying first, before your current home is sold, could be the right choice for you. By buying first, you reduce the risk of missing out on your dream home or being left without a place to live.
Do keep in mind that this option comes with risks. You may face double housing costs and there is uncertainty about how much your current home will eventually sell for.
"}},{"componentType":"paragraph","title":"Double mortgage interest tax relief","richBody":{"value":"If you temporarily own two homes, you may be eligible for double mortgage interest tax relief, under certain conditions. The main conditions are:
You can find the full checklist on the Dutch Tax and Customs Administration Belastingdienst website.
"}},{"componentType":"paragraph","title":"Bridging mortgage","richBody":{"value":"Would you like to use the equity in your current home to buy your new one? In that case, a bridging mortgage could be an option. This is an interest-only mortgage, meaning you only pay interest during the term. Once your old home is sold, you repay the loan in full.
You can only take out a bridging mortgage if you also take out a mortgage for your new home with ING.
"},"textLinks":[{"url":"/en/personal/mortgage/mortgage-types/bridging-mortgage","text":"Read more about the bridging mortgage"}]},{"componentType":"sectionTitle","title":"Need professional advice?"},{"componentType":"paragraph","richBody":{"value":"Whether it’s better to buy first or sell first largely depends on your financial situation. That’s why it’s wise to get proper advice. Talk through your options with one of our advisers in a free, no-obligation introductory meeting.
"}},{"componentType":"cta","textLink":{"url":"/banking/decision-trees/mortgage?flow-step=1-mortgage-topic-step?EW=true","text":"Schedule a free appointment"}}]},"legalZone":{"flexComponents":[{"componentType":"paragraph","title":"Good to know","richBody":{"value":"The English text of the website is a translation of the Dutch original version. This translation is intended for the customers convenience only. In case of any discrepancies between the two versions, the original Dutch version shall prevail. The mortgage offer and contract will be signed in Dutch. Also, all further communication after signing the mortgage contract will be in Dutch. You acknowledge and accept this. If any assistance or clarification is needed, we recommend contacting your mortgage advisor or to call our customer service via the ING app.
"}}]}}}