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NHG limit raised to €435,000 in 2024,: more accessibility for homebuyers

Nov 08, 2023
2 min reading time

On January 1, 2024, the limit for obtaining a mortgage with NHG guarantee will be raised to €435,000. This means that homebuyers who want to use NHG will have the opportunity to purchase a more expensive home. A difference of €30,000,- compared to the current limit of €405,000,-.

Annual adjustment based on house prices

The level of the NHG limit is adjusted annually and is determined by the development of house prices in the last 27 months. Although CBS has reported that house prices have been falling for a year now, outgoing minister Hugo de Jonge (housing market) considers it necessary to increase the NHG limit. In his letter to the Lower House, he emphasized that this limit increase ensures that a mortgage with NHG remains accessible to a wide range of homebuyers.

NHG: a safety net for homeowners

The National Mortgage Guarantee (NHG) acts as a kind of insurance to prevent homeowners facing financial difficulties from being left with residual debt if they are forced to sell their home. This can happen due to circumstances such as job loss, divorce, or the death of a partner.

NHG accounts for the difference between the original mortgage amount and the sale proceeds of the home. Any residual debts can be forgiven by NHG.

Provision for benefits

To qualify for an NHG mortgage, homebuyers must pay a 0.6 percent commission on the total mortgage amount. In 2024, this will amount to a maximum of €2,610. In exchange, buyers typically receive a lower mortgage interest rate compared to a mortgage without NHG. This is because the guarantee reduces the risks for the lender.

At Alpina Mortgages, you can count on expert advice. Whether you are buying your first home, have remodeling plans, are pursuing sustainability, or want to review your mortgage, our advisors are here for you. With one permanent and local point of contact and up-to-date knowledge of the market, we will guide you to the best mortgage for your situation. Want to know more? Make a no-obligation appointment with one of our advisors in your area.

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