The increasing number of bankruptcies, with associated layoffs, paints a bleak picture for the Dutch economy. By August, more businesses had filed for bankruptcy than in all of 2022, and according to BNR, the Netherlands is facing an “alarming number of bankruptcies.” This trend casts a shadow over the already difficult housing market. However, the recently launched Nationale Woongarantie (NWG) offers a solution, providing homebuyers with more certainty that they can continue to pay their housing costs even in the event of involuntary unemployment.

More certainty for the buyer

Anyone who buys a home with the Nationale Woongarantie and loses more than 15% of their income due to involuntary unemployment in the first four years after purchasing the home will receive a payout from the Nationale Woongarantie equal to 50% of their gross mortgage payments, with a maximum of €4,000 per month. This means, for example, that someone with a monthly mortgage of €1,200 would receive a payout of €600 per month from the NWG.

Sold by the seller

What makes the Nationale Woongarantie unique is that it is completely free for the buyer. It is the seller of the home who purchases the Nationale Woongarantie, as an add-on to the property. The buyer can then benefit from this guarantee at no cost and claim their guarantee certificate after purchase. For the seller, the Nationale Woongarantie is attractive because it makes the home more attractive and helps the seller sell it more quickly.

A safer housing market

The Nationale Woongarantie was created to make the housing market safer and more social, especially in these unpredictable times when good times and bad times can quickly alternate.