{"type":"document","data":{"id":"2dda0cd6-b151-4e31-9f43-3c35b000a38b","localeString":"en-GB","publishDate":"2026-03-05T14:44:42.794+01:00","contentType":"onecms:productPage","hasMacro":false,"flexPageMetadata":{"afmBanner":false,"robotInstruction":{"noIndex":false,"noFollow":false},"description":"Buying a newly built home? We’ll guide you through the costs, interest and the tax benefits you may be entitled to."},"mainHeaderZone":{"componentType":"productHeader","cta":{"componentType":"cta","textLink":{"url":"/en/personal/mortgage/newbuild","text":"All about newly built homes"}},"secondaryCta":{"textLink":{"url":"/en/personal/mortgage/mortgage-calculator","text":"Calculating your mortgage"}},"coreHeader":{"body":"If you buy a newly built home, you usually do so based on drawings and visual impressions. Construction only starts afterwards. So how do you pay for everything? Here’s what to keep in mind.","headerImage":{"transformBaseUrl":"https://assets.ing.com/transform/a81fd460-f747-44dc-9ea0-9af3d0b960e3/Sector-update-public-januari-2024","type":"image","width":2731,"original":"https://assets.ing.com/m/40ca539e5d4646f/original/Sector-update-public-januari-2024.jpg","extension":"jpg"},"title":"Buying a newly built home: what to expect and how the payments work","subtitle":"Everything you need to know about costs, interest and your tax benefit"},"backLink":{"textLink":{"url":"/en/personal/mortgage/newbuild","text":"New build: mortgage with ING"}}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"After signing the purchase and construction agreement"},{"componentType":"paragraph","richBody":{"value":"<p>Your mortgage for a newly built home consists of:</p><ul><li>the construction price of the property (the building contract price)</li><li>the price of the land</li></ul><p>You pay for the land first. This happens through your notary. The remaining amount is transferred to a construction deposit. This is used to pay the construction price, which is done in instalments. You pay the first instalment before construction starts.</p>"}},{"componentType":"sectionTitle","title":"How to pay the construction costs"},{"componentType":"paragraph","richBody":{"value":"<p>You pay these costs in instalments from your construction deposit. This is essentially a separate account that we manage for you.</p>"}},{"componentType":"accordion","accordionList":[{"title":"Requesting a construction instalment from your construction deposit in three steps","richBody":{"value":"<p>In most cases, the payment process works like this:</p><ol><li>You receive an invoice from the contractor for a construction instalment.</li><li>In Mijn ING, you let us know that we should transfer the money from your construction deposit. The steps are straightforward, and we’ll show you exactly what information we need.</li><li>We transfer the amount to the contractor within five working days.</li></ol>"}}]},{"componentType":"sectionTitle","title":"Your monthly costs during construction"},{"componentType":"paragraph","richBody":{"value":"<p>As you draw down more money from your construction deposit, your monthly costs increase. That’s because you pay interest on the amounts you’ve already taken out.</p><p>Important to know</p><ul><li>You do not pay interest on the part of your construction deposit you haven’t used yet.</li><li>With an annuity mortgage, you repay the amounts drawn from your construction deposit over 30 years.</li><li>You pay interest according to the interest‑rate period and mortgage type you’ve chosen.</li></ul>"}},{"componentType":"sectionTitle","title":"Tax benefit"},{"componentType":"paragraph","richBody":{"value":"<p>Under certain conditions, you may deduct the interest you pay on amounts drawn from your construction deposit for up to 2 years. Here’s how it works:</p><ol><li>The interest you pay minus the interest you receive gives you a net amount.</li><li>This net amount may be deducted from your taxable income (under conditions), which means you pay less income tax.</li></ol><p>Your 2‑year period starts once you’ve signed the purchase and construction agreement.<br />If you haven’t arranged your mortgage yet at that moment, you may deduct the interest from the date you sign the mortgage deed at the notary.</p>"},"textLinks":[{"url":"https://www.belastingdienst.nl/wps/wcm/connect/nl/koopwoning/content/wat-aftrekken-met-nieuwbouwdepot","text":"For all conditions, visit the Dutch Tax and Customs Administration’s website."}]},{"componentType":"linkList","iconTitle":{"title":"Mortgages"},"textLinks":[{"url":"/en/personal/mortgage/mortgage-calculator","text":"Calculate maximum mortgage"},{"url":"/particulier/hypotheek/actuele-hypotheekrente","text":"Current Mortgage Interest"},{"url":"/particulier/hypotheek/oversluiten","text":"Mortgage refinancing"},{"text":"Buying your first home"},{"url":"/particulier/hypotheek/huis-kopen/ander-huis-kopen/maximale-hypotheek","text":"Buying your next home"},{"url":"/particulier/hypotheek/jouw-hypotheek","text":"Your mortgage"},{"url":"/en/personal/mortgage/mortgage-types","text":"Mortgage forms"},{"url":"/en/personal/mortgage/sustainable-living","text":"Sustainable living"},{"url":"/en/personal/mortgage/mortgage-advice","text":"Mortgage advice"},{"url":"/en/personal/mortgage/advisory-fees","text":"Costs"},{"url":"/en/personal/mortgage/situation","text":"Situation"},{"url":"/en/personal/mortgage/property-services","text":"Property services"},{"url":"/en/personal/mortgage/contact","text":"Contact"}]}]},"legalZone":{"flexComponents":[{"componentType":"paragraph","title":"Good to know","richBody":{"value":"<p>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.</p>"}}]}}}