First-time buyers
Best Mortgages for First-Time Buyers in Europe 2026
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First time buying in Europe? Country-by-country mortgage guide
100%
Max LTV in NL
~€510k
Tax exemption limit
~€435k
NHG limit (2025)
3.5-4.5%
Typical 10yr fixed rate
What are mortgages for first-time buyers?
Buying your first home is one of the biggest financial decisions you will make. As a first-time buyer (starter) in Europe, you face challenges that experienced buyers do not: building up savings for costs, understanding mortgage products for the first time, navigating a competitive market, and managing the anxiety of the largest purchase of your life.
In the Netherlands, you can borrow up to 100% of the property's appraised value (taxatiewaarde), which is unique in Europe. Most other EU countries require a 10-20% down payment. However, 100% financing means you still need cash for additional costs (kosten koper, typically 4-6% of the purchase price) including transfer tax, notary fees, advisor fees, and bank guarantee.
The two main mortgage types for Dutch first-time buyers are:
Annuity mortgage (annuiteitenhypotheek): Fixed monthly payments that start with mostly interest and gradually shift to mostly principal repayment. This is the most common choice and the only type eligible for full interest tax deduction (hypotheekrenteaftrek) since 2013. Monthly payments are predictable and typically affordable from day one.
Linear mortgage (lineaire hypotheek): Fixed principal repayment each month plus decreasing interest. Monthly payments start higher but decrease over time as the outstanding balance drops. You pay less total interest over the mortgage term but need a higher income to qualify initially.
Fixed-rate periods in the Netherlands range from 1 to 30 years. Most first-time buyers choose 10 or 20-year fixed rates, balancing payment certainty with rate flexibility. In 2025, 10-year fixed rates are approximately 3.5-4.5% depending on the lender and LTV ratio.
Frequently asked questions
You can get a 100% mortgage in the Netherlands (no deposit required on the home price). However, you still need cash for additional costs (kosten koper): typically 4-6% of the purchase price covering transfer tax, notary fees, advisor fees, and valuation. On a €350,000 home, expect €14,000-21,000 in additional costs.
NHG (Nationale Hypotheek Garantie) is a government-backed mortgage guarantee for homes up to approximately €435,000 (2026). Benefits: lower interest rate (typically 0.3-0.5% less), protection if you sell at a loss due to circumstances beyond your control. The one-time cost is 0.6% of the mortgage amount. For eligible buyers, it is almost always worth it.
Beyond your mortgage payment, budget for: property tax (OZB, €200-600/year), home insurance (€100-200/year), maintenance reserve (1-2% of home value annually), VvE fees if buying an apartment (€50-200/month), and utilities. Total additional costs are typically €300-600/month on top of your mortgage.
Several European countries offer first-time buyer support. The Netherlands has the "starterslening" (starter loan) and a transfer tax exemption for buyers under 35. France offers the "pret a taux zero" (zero-interest loan). The UK has shared ownership and lifetime ISA bonuses. Germany has the "Baukindergeld" family building grant. Check your country's specific schemes, as they change frequently.
Deposit requirements vary by country. In the Netherlands, 100% mortgages are available (no deposit needed, but you must cover transfer costs). In Germany and France, 10% to 20% is typical. The UK requires at least 5% to 10%. In Scandinavia, 15% is the norm. A larger deposit generally secures a better interest rate, so saving more upfront can significantly reduce your total borrowing cost.
Yes, but conditions vary. Most European banks require permanent residency or a long-term work contract. Some countries (like the Netherlands) have mortgage products specifically designed for expat buyers, while others (like France) may require a larger deposit from non-residents. Having a local employment contract and credit history significantly improves your chances. Mortgage advisors specialising in expat clients can help navigate the process.
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