Requirements for a mortgage
What banks look at today, how much down payment you need and what costs to expect — clearly, with numbers.
What banks take into account
Today banks look mainly at your declared income at the tax office — and the more stable it is, the better. It also helps to have no recent arrears on other obligations, plus an amount on deposit that proves your down payment. Every case is different, though — we talk it through and go over it in detail.
Down payment
No bank finances more than 75–80% of the property's market value. The rest is your down payment. Example: for a €100,000 property, the loan reaches roughly €80,000 and the down payment is around €20,000. A larger down payment also means a better chance of approval.
Costs
Indicative example, based on market averages, for buying a €100,000 property with an €80,000 loan. Some costs are mandatory by law, while others (e.g. the broker) may be avoided depending on the case.
In short
If you don't cover these costs from your own funds, the loan goes up by about ~€5,000. All amounts are approximate, based on what applies at the time of review — we will suggest the best possible solution for you.
