When drawing up a budget for your real estate project, there are a whole set of costs you should take into account which are in the majority of cases added to the purchase price of your home or plot of land. Do not forget to include these in your budget calculation!
"}},{"componentType":"accordion","accordionList":[{"title":"Valuation costs","richBody":{"value":"It may be useful to have a valuation carried out on the property you intend to buy. By finding out the real value of your property, you avoid any unpleasant surprises later. That is why ING works with independent experts.
Mortgage loan applications are subject to a filing fee. This fee is payable after signing the loan agreement.
Notaries’ fees for the mortgage deed also vary, depending on the amount of the mortgage, among other things. These include the notary’s own fee, various registration fees and stamp duty.
Notaries’ fees for the mortgage deed also vary, depending on the amount of the mortgage, among other things. These include the notary’s own fee, various registration fees and stamp duty.
Stamp duty is a tax which must be paid by anyone buying a property in Belgium. The amount varies depending on the region in which the property is situated.
When you buy a modest home, in some circumstances you can benefit from a reduction on the stamp duty payable.
"},"textLinks":[{"url":"https://www.belgium.be/en/taxes/registration_duties","text":"Find out more about stamp duty"}]},{"componentType":"sectionTitle","title":"After your purchase"},{"componentType":"paragraph","richBody":{"value":"In your monthly budget, it is a good idea to include a range of fixed and recurrent costs linked to your purchase. In addition to maintenance of the property (renovation work, redecoration, energy consumption, etc.), you will most likely have other costs
"}},{"componentType":"accordion","accordionList":[{"title":"Insurance premiums","richBody":{"value":"Your property project is worth a great deal. You should therefore take steps to protect it as much as possible. There are 2 types of insurance that are essential to keep from lying awake at night: loan protection insurance and home insurance.
At ING, you can choose to pay these premiums monthly, which means you do not have to make one large payment in one go.
Withholding tax is a tax on property which you have to pay each year. It corresponds to a percentage of the land registry income and varies in relation to various parameters, such as the number of rooms in your home.
If you are buying an apartment, you will most certainly have to pay joint ownership costs. Each owner must contribute to communal costs such as general lighting, building maintenance, maintenance of lifts and so on.
The ING Mortgage Loan, the ING Bridging Loan and the Mortgage loan combined are mortgage loans subject to the law of April 2016 concerning mortgage loans. Offer reserved for natural persons over the age of 18 and subject to prior acceptance of your application by ING Belgium and to mutual agreement.
Your application and any approval of your application by ING Belgium (after examination of your file by ING Belgium) in-branch or via the ‘Mortgage Loans Online’ service at ing.be are not binding for ING Belgium or you until you’ve signed the credit offer at your ING branch (or, in the case of an online application, at home) and returned it to ING. (subject to prior approval of your file by ING). Before this, we’ll look at whether the data disclosed in your application are correct and complete based on, for example, the supporting documents that have been or will be supplied).
General conditions for ING loans are available from any ING branch and on ing.be.
Lender: ING Belgium SA/NV – Bank – Marnixlaan 24, B-1000 Brussels – RPR Brussels – VAT: BE 0403.200.393 – BIC: BBRUBEBB – IBAN: BE45 3109 1560 2789
"}}]}}}