The calculator and the quote form below are in Dutch. Prefer to do this in English? Email info@finassverzekert. nl or call 072 - 509 24 56 and we will take it from there.
We compare the offerings of several insurers
An adviser checks whether the cover suits your situation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
In brief
The Nationale Hypotheek Garantie works as a guarantee. The guarantee fund stands surety towards the lender. For that you pay a one-off guarantee fee when the mortgage is taken out. Because the lender runs less risk, it normally charges a lower interest rate. Whether that advantage makes up for the one-off cost depends on the provider, the fixed-rate period and how long you stay put.
The safety net only comes into play at the end of a process: a forced sale, proceeds lower than the remaining loan, and a debt left over. The fund can write that off. Can, not must: there is an assessment of whether the situation is your fault and whether you cooperated with the sale.
What NHG does not do is take over your monthly payments in the event of illness, unemployment or divorce. That burden simply remains. The calculations on the type of mortgage and the interest rate we leave to the party we refer you to. What we do arrange for you is set out on our page mortgage.
Please note: borrowing money costs money. Finass Advies B.V. holds a licence for non-life insurance and does not act as an intermediary for credit or mortgages. This page is informative. For an application we refer you to a provider with a licence for consumer credit or mortgage credit. Every licensed provider consults the BKR (the Dutch credit register) for credit of € 250 or more with a term of longer than one month.
What does the mortgage with NHG cover: we refer you on?
The structure of the cover in three parts, with an overview per situation below.
The guarantee
What NHG does
Protection against a residual debt after a forced sale.
Writing off where it is beyond your control
Not your fault
Through the guarantee fund
One-off
What it costs
a one-off guarantee fee on the mortgage amount, deductible for tax.
One-off, when the mortgage is taken out
Deductible in the year itself
Set against a lower interest rate
Referral
What we do
We do not advise on mortgages, but we do insure your home.
No mortgage advice
Buildings and contents, yes
Your lender's requirement, yes
What is covered
Subject
With us
With the mortgage provider
Calculating whether NHG is worthwhile for you
No
Yes
Advice on the fixed-rate period
No
Yes
Application to the lender
No
Yes
Buildings insurance (opstalverzekering) on rebuild value
Yes
No
Home contents and liability
Yes
No
Statutory credit information
No
Yes
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
A guarantee is not income cover
If your income falls away, the monthly payment continues unchanged and the guarantee does not help you. It is aimed solely at what is left after the home has been sold in a forced sale. If you want to cover the monthly payment itself, term life insurance, mortgage payment protection or disability cover are the products for that. Those are separate choices that have nothing to do with the guarantee.
Writing off is conditional, not automatic
The fund assesses afterwards whether the residual debt can be attributed to you and whether you acted as a reasonable homeowner. Concealing payment problems, failing to cooperate with a private sale that raises more than an auction, or letting the home decline through deferred maintenance can cost you the write-off. So report problems to your lender early. That is also your best position for this assessment.
The cost limit is a threshold, not a borrowing capacity
The limit determines only whether the guarantee is possible. How much you can borrow follows from the lending standards the Nibud sets each year, which look at income, fixed costs and the energy label. If the limit is exceeded, it is not a part but the whole loan that falls outside the guarantee. That makes the choice around that threshold sharper than people expect.
The scope for sustainability measures is earmarked
If you finance energy-saving measures as part of the mortgage, you may go above the ordinary cost limit. That extra amount is not, however, freely available: it has to go demonstrably to recognised measures and is placed in a building deposit from which you claim against invoices. Which measures are recognised is set out in a list that changes periodically; check it before you place an order.
Set the fee against the interest advantage
You pay the guarantee fee once, and against that there is normally a lower interest rate because the lender runs less risk. Whether that advantage makes up for the cost depends on the provider, the fixed-rate period and the ratio between the loan and the value of the home. Have both versions calculated.
Your lender requires buildings insurance
Almost every mortgage lender requires the home to be adequately insured on a rebuild value basis, often with the lender named on the policy as an interested party. That is our field, and it is wise to arrange it before the handover of the keys.
Ratio between loan and value of the home. The closer you borrow to the full value of the home, the greater the difference in interest the guarantee produces.
Fixed-interest period. The interest advantage differs by term. With a short fixed-rate period the one-off amount weighs more heavily.
Interest loadings applied by the provider. Every lender uses its own scale. The advantage is greater with one party than with another.
How long you stay put. You pay the one-off fee immediately. The interest advantage only comes back over the years that follow.
Rate of repayment. Repaying extra brings you into a lower risk class sooner, which reduces the advantage of the guarantee.
Financing sustainability measures. Earmarked scope for energy measures changes both access to the guarantee and the structure of the loan.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
You request a quoteWe take stock of your situation, your risk and your wishes.
We compareseveral insurers, on premium as well as conditions.
You receive a proposalWith an explanation of the differences and the exclusions.
We arrange the switchIncluding cancellation, so there is no gap in cover.
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
After a forced sale the proceeds are deducted from what you still owe. If an amount is left over, the guarantee fund pays it to the lender. The fund then assesses whether it writes that debt off for you. It does so if you are not at fault and you have cooperated in obtaining the highest possible sale proceeds.
Does NHG pay my mortgage costs if I become ill?
No. The guarantee does nothing about your monthly payments. Those continue in full. It only comes into play when things go wrong and the home is sold in a forced sale leaving a residual debt. If you want to cover the monthly amount itself, look at mortgage payment protection, term life insurance or disability insurance. Those are separate products with their own conditions.
Does the cost limit determine how much I can borrow?
No, that is the most persistent misunderstanding. The limit only says whether the guarantee is possible. Your borrowing capacity follows from the Nibud standards based on income, fixed costs and the energy label of the home. If you go above the limit, the whole loan falls outside the guarantee and not just the part above it.
Can I add the guarantee later?
Usually not just like that. The guarantee is arranged when the loan is granted and is therefore tied to that agreement. Anyone wanting to use it afterwards ends up in practice remortgaging to a new loan, with the costs that go with it. Have that calculated by the party we refer you to.
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
