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How to approach buying and mortgages in Holland
marcovicky101
Posts: 1 Newbie
Hi all, I'm totally new to this site but not to the world of mortgages. I've got an odd query that I've searched the length and breadth of the Internet for answers but have been totally scuppered!
I want to purchase a property in Holland as I have family just outside Amsterdam and seem to be spending a fortune on hotels etc. So I've been looking at apartments in the city and they are pretty reasonable when compared with what they were. Like everywhere there's been a reduction in property values. The problems is I'm having massive trouble finding a mortgage provider to lend me the money. I'm an underwriter by trade and have been speaking with Dutch mortgage brokers who can't grasp that I'll be resident in London and paid in pounds but want to buy a flat in Amsterdam and let it out to holidayers when I'm not there. Apparently Dutch lenders will only consider residents of Netherlands and applicants that are taxed in Holland.
I've looked at a number of offshore banks and non standard lenders which are happy to lend in France, Italy, Bulgaria and even Romania but none mention Holland. I've read up on the property laws of Holland and can't see why this would be as they're broadly similar to our own.
So, getting to the point, has anyone got some advice or ideas for me? Have I been looking in all the wrong places? Is what I'm trying to do totally out of the question? Are there any work arounds I could try?
I know it's one of those "good problems" but I hope you fine people can provide me with some much needed help!!
I want to purchase a property in Holland as I have family just outside Amsterdam and seem to be spending a fortune on hotels etc. So I've been looking at apartments in the city and they are pretty reasonable when compared with what they were. Like everywhere there's been a reduction in property values. The problems is I'm having massive trouble finding a mortgage provider to lend me the money. I'm an underwriter by trade and have been speaking with Dutch mortgage brokers who can't grasp that I'll be resident in London and paid in pounds but want to buy a flat in Amsterdam and let it out to holidayers when I'm not there. Apparently Dutch lenders will only consider residents of Netherlands and applicants that are taxed in Holland.
I've looked at a number of offshore banks and non standard lenders which are happy to lend in France, Italy, Bulgaria and even Romania but none mention Holland. I've read up on the property laws of Holland and can't see why this would be as they're broadly similar to our own.
So, getting to the point, has anyone got some advice or ideas for me? Have I been looking in all the wrong places? Is what I'm trying to do totally out of the question? Are there any work arounds I could try?
I know it's one of those "good problems" but I hope you fine people can provide me with some much needed help!!
0
Comments
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Dutch Banks with UK Offices
http://www.netherlands-embassy.org.uk/images/document/21.pdf
Also speak to Conti Overseas they may point you in the right direction0
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