Glossary Dutch mortgage and property terms
| Hypotheek | Mortgage - A financial means to buy your property |
| Voorlopige koopovereenkomst Or Voorlopig koopcontract |
A document (purchase agreement) drawn up by the makelaar indicating an intention to buy a property |
| Makelaar | Estate agent / Real estate broker |
| Taxatierapport | Property valuation report |
| Dagwaarde | The valuer's assessment of your property value |
| Executiewaarde | The forced sale value of the property in the event of default by the borrower (usually circa 90 percent of the dagwaarde) - the normal basis of an offer by a lender |
| Herbouwwaarde | The valuer's estimation for rebuilding a property in the event of total loss and the basis for opstalverzekering. Usually considerably less than the dagwaarde. |
| Opstalverzekering | Property insurance |
| Verblijfsvergunning | A Dutch residency permit - an absolute necessity for a mortgage in the Netherlands. |
| Offerte | An offer (quotation) to advance a mortgage from a lender |
| Koopakte | A legal document drawn up by the notaris setting out a timeframe, legal, and financial terms for a property purchase |
| Notaris | Notary |
| Ontbindende voorwaarden | Based on these conditions only you may withdraw from the transaction before the final date without losing the waarborgsom. These conditions must be mentioned in the voorlopig koopcontract. |
| Waarborgsom | The deposit payable (usually ten percent) and is paid by the bank. To show the seller that you are serious. |
| Afspraak | Appointment |
| Inboedel | Personal effects and furniture going in to your property |
| Verzekering | Insurance |
| Notarisafrekening | Statement of account from the notary |
| Overdrachtsbelasting | Transfer tax |
| Koopsom | Buying price |
| Afsluitprovisie | Closing fee |
| Aflossingsvrij | Non-repayment |
| Beleggingshypotheek | Investment mortgage |
| Onroerende zaak belasting | (Local) property tax |
| Werkgeversverklaring | Statement from the employer that you are an employee and what your salary is |
| Intentieverklaring | Statement from the employer that he has the intention to keep you as an employee in the future and that he is very satisfied with your work. Necessary when you don't have a permanent contract or are a contractor. |