There are options to get your mortgage rate down. Here’s what to do:
"}},{"componentType":"accordion","accordionList":[{"title":"Adjusting your mortgage rate in the interim","richBody":{"value":"Adjusting your mortgage rate before the end of your fixed-rate period is what we call an interim rate adjustment. ING offers two interim rate adjustment options:
If you make monthly repayments on your mortgage or any additional repayments, your mortgage debt will go down relative to your home’s market value. The more you repay, the greater the chance that your mortgage rate can come down because of a lower loan-to-value ratio. If you have a mortgage without the Dutch National Mortgage Guarantee and/or with a variable mortgage rate, you may qualify for a lower rate.
As an additional service to you, we will from now on check every month whether your mortgage rate can come down. If it can, because repayments have improved your loan-to-value ratio, we will let you know. The new lower rate will then take effect from the first day of the next month. The lower rate is not applied retroactively.
Please note: if you have an endowment mortgage or a bank savings mortgage, we will let you know that your mortgage rate can be reduced, but we will not change it automatically, unless you have a version 1 bank savings mortgage. Read more here.
"}},{"title":"Notifying us when the value of your home has gone up","richBody":{"value":"If your home is worth more than the most recent value we have on file, and if you have a mortgage without the Dutch National Mortgage Guarantee or with a variable mortgage rate, you may also qualify for a lower mortgage rate. Let us know how much your home is worth. If you qualify for a lower mortgage rate, we will switch you to a lower rate and send you a statement of your new mortgage details and the date when your lower rate will take effect.
"}},{"title":"Your energy label affects your mortgage interest rate","richBody":{"value":"One of the factors we use at ING to set your mortgage rate is your home’s energy label. When you upgrade your energy label during your fixed-rate period, by installing energy-efficiency measures for example, ING will automatically change your mortgage rate accordingly. Click here to find out how it works.
"}}]},{"componentType":"sectionTitle","title":"2. If your fixed-rate period ends in three months"},{"componentType":"paragraph","richBody":{"value":"Three months before the end of your fixed-rate period, you will automatically receive a proposal for new fixed-rate periods and current mortgage rates from us. The rates in the proposal may be lower than your current mortgage rate.
Is there any other way you could get your mortgage rate down? There probably is. We’ve laid out the options for you:
"}},{"componentType":"accordion","accordionList":[{"title":"Discount for banking with us","richBody":{"value":"If you do your banking with ING and get our active current account discount every month, bear in mind that this discount will not automatically be continued for a new fixed-rate period. You will have to claim it again for your new fixed-rate period. You can do that on My ING or by ticking the option on the mortgage rate proposal form that you return to us. Good to know: you cannot claim this discount during an ongoing fixed-rate period.
If you don’t bank with us yet, but want to switch to ING, take a look at the terms and conditions for the Active Current Account Discount.
"}},{"title":"Your energy label affects your mortgage interest rate","richBody":{"value":"One of the factors that goes into setting the mortgage rate for your new mortgage rate proposal is your energy label. If you’ve upgraded your energy label, please let us know. Click here to read how it works.
"}},{"title":"Free additional mortgage repayments from three months before the end of your fixed-rate period","richBody":{"value":"If you make repayments, your mortgage debt goes down relative to your home’s market value. And did you know that you can make unlimited additional repayments over the final three months of your fixed-rate period without having to pay any additional fees? If you make repayments over this period, you may end up qualifying for a lower mortgage rate than the rate offered in the mortgage rate proposal. Call us to see if this applies to you as well. We need a week to process your additional repayment, so it’s best to give us a call after that week has passed.
"}},{"title":"Notifying us when the value of your home has gone up","richBody":{"value":"If the value of your home has gone up over the last few years, and if you have a mortgage without the Dutch National Mortgage Guarantee or with a variable mortgage rate, you may also qualify for a lower mortgage rate. Let us know how much your home is worth. If you qualify for a lower mortgage rate, we will switch you to a lower rate and send you a statement of your new mortgage details and the date when your lower rate will take effect. We will also take a change in your loan-to-value ratio into account for your new mortgage rate proposal.
"}},{"title":"Adjusting your mortgage rate","richBody":{"value":"If the time remaining on your fixed-rate period is more than three months, you can still reduce your mortgage rate before it ends. This is what we call an interim or intermediate rate adjustment. There are two ways you can do this: by averaging mortgage rates or by breaking your current fixed-rate period.
"}}]},{"componentType":"sectionTitle","title":"3. If your mortgage ends within the next 10 years"},{"componentType":"paragraph","richBody":{"value":"If you have a mortgage that is nearing the end of its term, but will not have been paid off in full at the end of the term, it may make good financial sense to take out (another) ING mortgage. Take a look at the options now.
If you’re curious to find out if a new mortgage could be an option for you, please make an appointment. We will be happy to sit down with you to discuss your preferences, the early repayment charge for your current mortgage and possible solutions.
The English text of the website is a translation of the Dutch original version. This translation is intended for the customer's 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.
"}}]}}}