Bookkeeper at Kees de Boekhouder
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When you apply for a mortgage, the mortgage advisor needs a number of standard documents. You’ll need to provide valid proof of identity, a property valuation report, a cost breakdown for any planned renovations, a provisional purchase agreement, and an overview of your savings and debts.
If you (partly) work as an employee, you’ll also need to submit recent payslips, an annual tax statement (jaaropgaaf), and an employer’s declaration (werkgeversverklaring).
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As a freelancer, you must be able to demonstrate your income. This often requires a little more preparation compared to someone in paid employment. The mortgage advisor will certainly want to inspect your annual accounts (jaarcijfers) to calculate your maximum borrowing capacity.
To calculate the mortgage for someone who has been running a business for at least three years, the annual accounts of the three most recent financial years are usually sufficient. You can find these figures in your income tax returns for those respective years.
If you’ve been self-employed for less than three years and therefore cannot have your mortgage calculated based on the past three financial years, a financial forecast is required in most cases. A forecast is an estimate of your annual accounts for the current financial year. Such a forecast usually has to be drawn up by an official bookkeeper or accountant.
At Kees de Boekhouder, we can draw up such a forecast for you! Get in touch with your bookkeeper to find out about the costs. Not a client yet? Schedule a free introductory meeting to discover what it’s like to do your bookkeeping with Kees de Boekhouder!
If you’re self-employed and also work as an employee, you will likely need annual accounts and/or a forecast from your business, as well as payslips, an annual income statement (jaaropgaaf) and an employer’s declaration (werkgeversverklaring) from your employment. Together, these provide a complete overview of your income.
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Buying a house and taking out a mortgage naturally involve financial risks. Make sure to get proper advice from a financial advisor and/or mortgage advisor regarding those risks. You can use several safety nets to limit your risks as much as possible:
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Bookkeeper at Kees de Boekhouder
After reading this blog, are you curious about how Kees de Boekhouder helps entrepreneurs with their bookkeeping every day? Schedule a no-obligation, digital introductory meeting with us!
Kees de Boekhouder
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In addition to standard documents (ID, property valuation report, provisional purchase agreement, and an overview of savings and debts), freelancers need annual accounts for the past three financial years, or an official forecast if you have been self-employed for less than three years.
A forecast is an official estimate of your annual accounts for the current financial year. Mortgage lenders require this if you cannot present three full years of trading history. The forecast must usually be drawn up by an official bookkeeper or accountant. Kees de Boekhouder can do this for you.
Do not apply for a provisional assessment (voorlopige aanslag) to claim mortgage interest tax deduction without declaring your business profits. Doing so might lead to receiving a tax refund you are not yet entitled to, as you still owe income tax on your profits, which will be corrected on your final income tax return.
Schedule a no-obligation, digital introductory meeting with us.
