Your loan-to-value ratio affects your fixed mortgage interest. You can influence the loan-to-value ratio yourself, and therefore the interest that you pay.
Good to know: In ING mortgages with Dutch National Mortgage Guarantee (NHG), variable interest rates and the Bridging loan, the loan-to-value ratio does not play a role in the interest rate at this time.
"}},{"componentType":"sectionTitle","title":"What does loan-to-value ratio mean?"},{"componentType":"paragraph","richBody":{"value":"Every mortgage has a loan-to-value ratio. This is a percentage that reflects how high your mortgage is compared to the last known fair value of your property. This ratio indicates how high the risk is for you and for ING that your house will not yield sufficient when selling to repay the mortgage debt. The higher the loan-to-value ratio, the greater this risk. This risk is passed on to ING mortgages without NHG in the mortgage interest rate. The higher the loan-to-value ratio, the higher the fixed mortgage interest rate.
"}},{"componentType":"sectionTitle","title":"This way you can influence the loan-to-value ratio and the interest you pay."},{"componentType":"paragraph","richBody":{"value":"The lower the loan-to-value ratio, the lower the risk of an outstanding loan when selling your property. See how the loan-to-value ratio can affect interest rates in your situation. You can lower your mortgage rates by:
"}},{"componentType":"accordion","accordionList":[{"title":"Bring in your own money when you buy a property","richBody":{"value":"For example, from savings, an inheritance or a donation. You will then need a lower mortgage amount which leads to a lower loan-to-value ratio.
"}},{"title":"Partly repay during the term of your mortgage","richBody":{"value":"If you repay, the mortgage debt drops relative to the fair value of your property. This can be done by making an extra repayment, but with some mortgage forms such as an Annuity mortgage, you repay automatically every month. After repayment, you may be eligible for a lower interest rate. As a service, we will henceforth check monthly for you whether your interest rate can be reduced. If your interest rate can be lowered because you have a better loan-to-value ratio due to repayments you have made, you will receive a message from us. The interest rate change will then take effect from the first of the following month. This lower interest rate does not apply retroactively.
Note: Do you have a (bank) savings mortgage? We will inform you if you can lower your interest rate, but we will not automatically adjust this for you, unless you have a Bank savings mortgage variant 1.
"}},{"title":"Passing on an increased housing value to us","richBody":{"value":"Did your property increase in value during the term of your mortgage? That lowers loan-to-value ratio. Important: please let us know; this is not automatic.
"}}]},{"componentType":"linkList","iconTitle":{"title":"Do you have any questions?"}},{"componentType":"linkList","iconTitle":{"title":"More about"},"textLinks":[{"url":"/en/personal/mortgage/current-mortgage-rates/historic-loan-to-value-tables","text":"Loan to market value table history as of 1 May 2014"}]},{"componentType":"linkList","iconTitle":{"title":"More information"},"textLinks":[{"url":"/en/personal/expats/mortgages/mortgage-step-by-step","text":"Mortgage step by step"},{"url":"/en/personal/mortgage/mortgage-advice","text":"Mortgage advice in English"},{"url":"/en/personal/mortgage/contact","text":"Plan orientation meeting"},{"url":"/en/personal/mortgage/mortgage-types","text":"Mortgage types"},{"url":"/en/personal/mortgage/mortgage-calculator","text":"Calculate your maximum mortgage"},{"url":"/en/personal/mortgage/current-mortgage-rates","text":"Current mortgage rates"},{"url":"/en/personal/mortgage/advisory-fees","text":"Advisory fees"},{"url":"/en/personal/mortgage/property-services","text":"Property services"}]}]},"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.
"}}]}}}