The mortgage standards for 2019 are known. More can be borrowed on the basis of income, in particular by two-income households. With a low mortgage interest rate, the borrowing capacity is lower.
Mortgage standards adopted
How much you can borrow for a mortgage is determined annually. NIBUD advises the government on what part of your income you can use for the mortgage. These financing burden standards (pdf) are included in the mortgage standards for 2019.
Standard mortgage more spacious in 2019
It was announced on Good Finance that most households will improve this year. This has been taken into account in the 2019 mortgage standards. Most households can borrow more. Nibud calculated the mortgage for a number of example households.
With a mortgage rate of 2.75%, you can borrow more in 2019 compared to last year:
- With an income of € 35,000 you can borrow € 6,087 more.
- With an income of € 50,000 you can borrow € 8,778 more.
- With an income of € 70,000 you can borrow € 12,975 more.
Dual earners can borrow more
In the case of two-income households, 60% of the second (lowest) income may be included in the test income in 2019. In 2016 this was still 50%. As a result, the test income is higher, which means that more can be borrowed.
Two-income households with a mortgage interest rate of 2.75% can get more mortgage next year:
- With an income of € 35,000 & € 17,500 you can borrow € 9,131 more.
- With an income of € 35,000 & € 35,000 you can borrow € 12,403 more.
- With an income of € 50,000 & € 25,000 you can borrow € 21,433 more.
Interest determining for mortgage in 2019
The 2019 mortgage standards also take into account the current low mortgage interest rates. Those who opt for a rate below 2% can borrow slightly less next year. With this, the legislator anticipates a continuing low mortgage interest rate in 2019.
With a low mortgage interest rate of 1.75% less can be borrowed compared to 2016:
- With an income of € 35,000 you can borrow € 5,618 less.
- With an income of € 50,000 you can borrow € 2,006 less.
- With an income of € 70,000 you can borrow € 2,155 less.