Test with a mortgage for people with a high rent

Four mortgage providers and the National Mortgage Guarantee (NHG) are starting a trial to help people who have lost a relatively large amount of money on rent, but who do not qualify for a mortgage. They are also known as long-term tenants. There will be broader standards for them, so that this group is still eligible for a mortgage.

“It concerns, for example, people who pay 1200 or 1500 euros per month in rent and cannot yet get a mortgage of 800 euros per month according to the current loan standards,” says Carla Muters of NHG. “That’s strange and we want to do that better with this trial.”

These are people who rent in the free sector. According to NHG, there are just under 575,000 households that fall under this.

Not invested in savings

In order to participate in the trial, the mortgage applicant must show that a relatively high rent has been paid in the past three years, that there are no arrears and that the savings have not been used to pay that rent.

The trial will run for two years. For the time being, 1000 mortgages are provided in this way. ING, Aegon, Florius and BLG Wonen are participating. The latter party already held a small-scale trial in 2019 with granting mortgages to expensive tenants.

To see whether the trial is successful, it is monitored, among other things, whether those who have received the mortgage do not run into payment problems.

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