Woonboot Kopen

Financing a houseboat, large or small, new or used is very complex and very personal. A complex matter, for which a good coaching is very important. It is very difficult for a layman to understand this complex subject and to determine which offer is best for his situation!

One quickly tends to looking only at the interest rate and the monthly repayment. A proper analysis however can possibly prove that a slightly higher interest rate and/or repayment is much cheaper. It is very important that you are being informed neutrally by someone who has no interest whatsoever in the way how and with whom you finance.

To finance your houseboat you need to find an answer to the following questions:

• What percentage of the purchase price do I want to finance?
• Which term is best for me?
• Which type of mortgage is best? This depends on your personal situation (age, income, occupation, etc.).
• What are the tax consequences?
• How long do I want to lock the interest?
• Is it possible to repay early?
• Can I change half-term to a different term, for example if the partner's income lapses after certain time.
• How much commission do I have to pay to the bank?
• Is it wise or is it required to have a capital insurance?

Houseboat mortgage

A houseboat mortgage is a mortgage on a houseboat for private persons. As the owner of a houseboat you will be confronted with financial issues that differ from living on the shore. Not being able to fund everything, however, belongs to the past. A mortgage on a houseboat is no longer so difficult to obtain. The number of suppliers however, is limited. The interest on a houseboat mortgage will be slightly higher than a conventional mortgage on a house. Living on the water is very popular and banks have adapted their products for this unique habitat.

The houseboat mortgage is, like all other mortgages, a customized product. You can, if you whish, manage everything yourself, but you can also get expert advice from one of the houseboat mortgage specialists. It usually starts with calculating the maximum mortgage.

Terms for a houseboat mortgage in The Netherlands

Not all mortgage companies use the same conditions for a houseboat mortgage as they do for a mortgage on a house. Some common conditions are:

• a recent valuation;
• the houseboat can only be surveyed by an approved houseboat surveyor;
• with an iron hull an inclination-/inspection report is required;
• the houseboat must be well maintained and well-negotiable;
• the houseboat must be suitable for permanent residence;
• the houseboat must have a permanent legal berth (with a permit for permanent residence);
• the houseboat must be registered in the ships registry and must have a brand for the mortgage registration;
• often a maximum funding applies of between 100% (for a new houseboat) and 125% (for an existing houseboat) of the forced sale value (liquidation value), including berth;
• the houseboat will have to be all-risk insured;
• rental of the houseboat is not permitted;
• often a minimum mortgage sum applies of about 25,000 Euros.

Advantages of the houseboat mortgage

Financing a houseboat by means of a houseboat mortgage has a number of advantages:

• it concerns a customized product for the full financing of a houseboat;
• you can choose from a wide range of mortgage types;
• you can even finance the value of the berth;
• you will have much lower monthly costs compared to a personal loan or a running credit;
• the interest rate on the loan is almost equal to the interest rate of a mortgage for a house;
• you can also effect a houseboat mortgage to finance a renovation of the houseboat;
• the mortgage interest is tax deductible under certain conditions.