Borrowing money is made easier by various Dutch banks to enable homeowners to make their homes more sustainable. The Dutch government wants to get rid of all households by 2050. This often requires a substantial investment that cannot be borne financially by all households. Then borrowing money is a good option.
Borrowing money makes initial adjustments to a sustainable home possible
The money that homeowners can borrow more easily makes it possible to pay for the first adjustments, such as the costs of insulating a house. This often requires substantial investments. Replacing the central heating boiler with a heat pump, or purchasing solar panels, for example, quickly add up to thousands of euros.
The costs for making an average home fully sustainable are often a lot higher than ten thousand euros. Making a terraced house fully sustainable in the 1970s, for example, quickly costs between fifteen and thirty thousand euros.
Making the house more energy efficient: various financing options
There are various financing options to make your house more energy efficient. We list them for you.
Co-finance in your mortgage
Various mortgage lenders offer the possibility to co-finance energy-saving measures in the mortgage; home buyers who want to become more sustainable can borrow up to 106% of the home value. Examples of energy-saving measures are: HR boiler, heat pump, solar water heater, roof and floor insulation and HR ++ glazing. The bank places the extra mortgage amount in a deposit and checks whether you actually spend the loan amount on energy-saving measures. In addition, the bank will ask you for purchase invoices.
In addition, there are administrative costs associated with changing an existing mortgage. This discourages many homeowners from taking the first step. A mortgage advice interview often costs around a thousand euros.
Are you buying a house and want to invest in energy-saving measures or are you buying a house that is already energy efficient? Then you can take out a higher mortgage with most lenders. This extra amount then comes on top of the maximum mortgage that is based on your income. For investments that still have to be made, you can borrow a maximum of 9,000 euros.
Due to the limited extra loan amount and additional administrative costs if you are already a homeowner, taking out a personal loan may be a more interesting option.
Benefits personal loan versus sustainability loan
You can request a sustainability loan through the municipality. This is a loan with which you can finance energy-saving measures at your home under certain conditions. However, the disadvantage is that not every municipality or province has a sustainability loan. In that case, a personal loan is an attractive alternative.
Benefits personal loan
- Shorter term than a second mortgage
- Interest and duration are fixed in advance
- No additional administrative costs such as notary fees etc.