How much of your own money you’ll need depends on the price of your new home, and on whether you’re buying an existing property or a new build. When buying an existing property, you will have to pay 2% of the purchase price in transfer tax in most cases. New builds are not subject to transfer tax.
Good to know: If you offer more than the asking price, you may need to pay the excess amount with your own funds. This is because you are not allowed to borrow more than the appraised value of the property. The value of the property is established by an independent surveyor.
Tip: besides your savings, money gifted by your parents is also considered your own money.
"}},{"componentType":"sectionTitle","title":"Buying an existing property?"},{"componentType":"accordion","accordionList":[{"title":"Transfer tax","richBody":{"value":"Transfer tax (2% of the purchase price) Good to know: if you're aged between 18 and 35 and a first-time buyer, you’re exempt from transfer tax.
"}},{"title":"Notary fees","richBody":{"value":"Notary fees for official registration of the mortgage deed and deed of transfer (anywhere between €800 and €1,900 on average)
Tip: The costs of these documents vary by notary. It’s worth requesting quotes from several notaries. If you choose an ING mortgage, you can take advantage of our competitively priced Notary Service.
Valuation costs (between €500 and €1,000 on average) Tip: with our Valuation Service, you can have a property appraised for just €635 including VAT.
"}},{"title":"Estate agent fees","richBody":{"value":"Estate agent fees (between 1% and 1.5% of the purchase price on average) Tip: the agents at Makelaarsland will help you buy and sell a property at a low fixed rate. You decide what you want them to do and what you can do yourself.
"}},{"title":"Mortgage advice","richBody":{"value":"Mortgage advice (from €1,250, not including completion when buying your first home)
"}},{"title":"Building inspection","richBody":{"value":"A building inspection costs €300 on average. It’s not compulsory.
"}},{"title":"National Mortgage Guarantee (NHG) fee","richBody":{"value":"The fee for a mortgage with the National Mortgage Guarantee (NHG) is 0.40% of the total mortgage. Good to know: you will only be charged this fee if you choose a mortgage with the National Mortgage Guarantee. You can add the National Mortgage Guarantee to mortgages of up to €470,000.
"}}]},{"componentType":"sectionTitle","title":"Buying a new build?"},{"componentType":"paragraph","richBody":{"value":"With a new-build property, the seller pays the costs involved in registering the property in your name. You may, however, have to pay the following costs on top of the property's purchase price:
"}},{"componentType":"accordion","accordionList":[{"title":"Notary fees","richBody":{"value":"Notary fees for official registration of the mortgage deed (€1,000 on average).
Tip: if you choose an ING mortgage, you can take advantage of our competitively priced Notary Service.
Mortgage advice (from €2,000 when buying your first home)
"}},{"title":"National Mortgage Guarantee (NHG) fee","richBody":{"value":"The fee for a mortgage with the National Mortgage Guarantee (NHG) is 0.40% of the total mortgage. Good to know: you will only be charged this fee if you choose a mortgage with the National Mortgage Guarantee. You can add the National Mortgage Guarantee to mortgages of up to €470,000.
"}}]},{"componentType":"sectionTitle","title":"Eager to find out how much of your own money you’ll need?"},{"componentType":"paragraph","richBody":{"value":"If you’d like to know how much you’ll be able to borrow, there are online tools that can give you an indication. However, seeing as every situation is different, it may be a good idea to discuss it with a mortgage adviser. This consultation is free of charge. And you’re not committing to anything yet.
"}},{"componentType":"cta","textLink":{"url":"/en/personal/mortgage/calculate-mortgage/based-on-income","text":"Calculate how much of your own money you’ll need"}}]},"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.
"}}]}}}