Nationale Woongarantie in practice
For those selling a house, there is the option to take out and add Nationale Woongarantie to the house, making it more appealing to potential buyers. The seller pays a one-time premium of 0.85% of the selling price of the house for this. This one-time premium is paid by the seller at the notarial transfer of the house, so no advance financing is required. The buyer can then claim the guarantee after purchasing the house.
For buyers, Nationale Woongarantie provides more assurance that they can continue to cover their mortgage expenses in case of involuntary unemployment. If the buyer’s (combined) income decreases by more than 15% in the first four years after purchasing the house, Nationale Woongarantie will pay out for a maximum of 24 months, covering 50% of the gross mortgage expenses (interest and repayment), with a maximum compensation of €4000 per month.
This gives the buyer peace of mind and security.
The addition of Nationale Woongarantie instantly enhances the attractiveness of a house, as it ensures the buyer of a net payout equivalent to 50% of the gross mortgage expenses in case of involuntary unemployment.
Nationale Woongarantie is attractive to buyers. Many specifically seek out a house with Nationale Woongarantie. Consequently, a house with Nationale Woongarantie will sell faster and at a higher yield.
With Nationale Woongarantie, the buyer enjoys more peace of mind and security, as only with Nationale Woongarantie are they guaranteed a net payout equivalent to 50% of the gross mortgage expenses in case of involuntary unemployment.
Nationale Woongarantie is becoming a household name in the Netherlands, but it’s not quite there yet. By highlighting Nationale Woongarantie to your sellers, you can set yourself apart as a real estate agent and reap the benefits it offers to both buyers and sellers.
Carefree living thanks to the cost-free Nationale Woongarantie
A four-year guarantee on housing expenses in the event of involuntary unemployment
A net benefit equivalent to 50% of the gross mortgage expenses (interest and repayment) in times of adversity
Continued residence in the property, even in times of adversity
A more attractive home for potential buyers
The house stands out from similar properties in the housing market
The seller only needs to pay the one-time premium once they receive the purchase price of the house
The seller provides the buyer with more assurance
The Nationale Woongarantie generates more interest in the house from the buyer. This significantly increases the likelihood of the house selling faster and at a better price.
Nationale Woongarantie reimburses 50% of housing costs if the owner of a house becomes unemployed. The Nationale Hypotheek Garantie (NHG) does not, but pays the residual debt if the owner is forced to sell the house. The NWG prevents that fate and is therefore a sensible and welcome addition to the NHG.
The real estate agent informs the seller about the possibilities of Nationale Woongarantie, after which the seller can contact Nationale Woongarantie to apply for a certificate.
Nationale Woongarantie is an initiative to make the housing market safer and more social. In a rapidly changing society, fortunes and misfortunes can occur at a high pace. With Nationale Woongarantie, buyers have the assurance that, even in times of adversity, they can continue to live in their dream home.