Extra costs always come with a loan. There are the costs that the banking institution can charge you and the costs that a notary will charge you .
The costs of a banking institution
A banking institution may charge you estimation costs to know how much the ownership that you give in a mortgage is actually worth.
Golden tip: Pay only after implementation of the estimate.
A banking institution may also charge you for file costs that may only be charged if the banking institution has formulated the offer in writing which, in addition to all the loan conditions, also states the validity of the offer.
A notary can only charge you for what is laid down by law with a small margin. The notary fees consist of taxes (registration fees, mortgage rights, right to writings) and the actual notary fees . The notary will receive the taxes and transfer them to the tax authorities.
But how much are these taxes correct? The registration fee is 1% on the total sum for which a mortgage is taken out and an amount of € 25 per document that is attached to your loan deed. The mortgage right is 0.3% on the total sum for which a mortgage is taken, plus the fee of the mortgage depositary and the costs that the mortgage depositary asks the notary for the delivery of a mortgage certificate. Finally, there are the right to € 50 writings .
Reimbursement for requests
The actual notary fees consist of the reimbursement for requests for information from various official bodies. These costs consist of a reimbursement for the notary and for the costs that he had to incur at these bodies. The notary will also charge you a fee (fee) . Fortunately, this amount has been set by law. However, it depends on the loan amount and is calculated on the basis of degressive tranches:
- 4.56% on the disc up to € 7,500
- 2.85% on the disc between € 7,500 – € 17,500
- 2.28% on the bracket between € 17,500 – € 30,000
- 1.71% on the tranche between € 30,000 – € 45,495
- 1.14% on the bracket between € 45,495 – € 64,095
- 0.57% on the disc between € 64,095 – € 250,095
- 0.057% on the disc above € 250,095
In total you can count on costs that make up an amount of approximately 2 to 3% of the full amount borrowed.
Pay attention. Since the summer of 2012 you also pay 21% VAT on the notary’s fees. The notary will collect the 21% VAT and transfer it to the State as he now does with the registration fees.