Did you lock in a low mortgage rate a few years ago? That rate applies until the end of your fixed-rate period. When that period is about to end, your lender will send you a new rate offer. If the new rate is higher, you could feel the difference in your monthly budget.

How much could your mortgage payments go up?

De Nederlandsche Bank (DNB), the Dutch central bank, estimates that around 950,000 households have at least one part of their mortgage with a bank that either has a variable rate or is due for a rate reset before the end of 2028. For the typical household in this group, DNB estimates that gross mortgage payments will rise by €150 per month. For a quarter of these households, the increase is less than €50 a month. Another quarter can expect to pay more than €300 extra per month.

What does this mean for your mortgage?

If your mortgage is split into several parts, each part can have its own interest rate and end date. The fixed-rate period on one part might end soon, while the rates on the other parts stay fixed for years. How much your monthly payment changes depends on factors such as the outstanding balance on that part of the loan, your mortgage type and the new interest rate.

Check your mortgage statement to see which part is due for a rate reset first, when the current rate expires and how much you still owe on that part. With that information, you can work out what different interest rates would mean for your monthly payments before and after any applicable tax relief. That gives you a clearer picture of what you’ll have left for other expenses.

Which option fits your plans?

When you receive a new rate offer, you can usually choose from several fixed-rate periods. How long you fix your rate for depends partly on your plans. Are you thinking of moving in the next few years? Or would you prefer the certainty of knowing what you’ll pay each month for longer? Those questions can help you assess the offer.

Is your fixed-rate period ending soon, or have you already received a new offer? Feel free to get in touch. We’ll look at what the offer means for your monthly payments and which options fit your situation.

Recep Aslan
I help expats, entrepreneurs and people in salaried employment find their dream home. My approach is simple. People first, numbers second. I listen, talk through your options with you, and give you clear, honest advice that fits your life.