The NHG may not be lowered to € 225,000 in July. That is, if it is up to the director of the National Mortgage Guarantee.
Update: NHG mortgage limit will rise again in 2018.
The housing market is on the rise. Since May 2014, the average house price has been rising every month. This growth is expected to continue in 2016 and may even accelerate. Demand remains high, while the number of homes for sale is declining.
For director Gielen of the guarantee fund behind the National Mortgage Guarantee, the house price is rising faster than expected. In an interview with NRC, he stated that, as far as he was concerned, the limit for an NHG mortgage does not have to be lowered any further.
The fourth and final reduction of the NHG limit is planned for July
The fourth and final reduction of the NHG limit is planned for July. After that date you cannot take out a mortgage with a national mortgage guarantee above € 225,000. The NHG mortgage is popular because it offers extra security and often results in an interest discount.
In 2012, the NHG limit was raised to € 320,000 to stimulate the housing market. This limit will then be gradually reduced to € 225,000 in July 2016. The NHG limit will then be linked to the average house price.
With the current average house price
According to NHG director Gielen, this last step is not necessary. With the current average house price, the NHG limit would immediately be raised again. In NRC, he refers to experts who think that ‘yo-yo’ with the mortgage norms is ‘useless or even dangerous’. That is why Gielen is in talks with Minister Blok to cancel the last reduction in July.