The Dutch House of Representatives has set up plans for a national fund to help first-time home buyers and it’s about damn time. 🏘️
For now, an amount of €40 million will go towards the national fund for starters in the housing market, reports RTL Nieuws.
Wat leuk! Starters may be eligible for up to €50,000 in government subsidies, depending on which city they live in and their yearly income.
What is a starter?
A starter is a first-time home buyer and someone who has yet to make a mortgage arrangement.
Terms and conditions
Hold your houses! Nothing is set in stone, as the eligibility criteria have not been worked out perfectly just yet.
READ MORE | 7 ways buying a house in the Netherlands could save you money (wait what?)
However, Minister de Jonge wrote a letter to the Dutch House of Representatives and there are a few assumptions about who’ll be entitled to the government subsidy.
The letter
De Jonge explained that the subsidy would be intended for households with one and a half or twice the average annual income, which would be between €60,000 and €80,000.
READ MORE | 7 ways buying a house in the Netherlands could save you money (wait what?)
He also wants to set a maximum limit of €355,000 per government-subsidised house, however, the numbers will differ between each municipality.
READ MORE | What is the Dutch National Mortgage Guarantee (NHG)?
That’s not all, though! De Jonge would like to prevent starters from losing money if they have to sell their house in economically challenging times.
If all goes to plan, the subsidy scheme should be made clear before the summer holidays. 🌞
What do you think about the national fund to help out first-time buyers? Tell us in the comments below!
This would be a major mistake as it goes against all the basic rules that an economy is based on. I know it sounds good for the people that can qualify for it but it is not good for the economy.