Mortgage with BKR: what are your options?

Getting a mortgage with a BKR registration seems like an impossible task for many people. Rejection after rejection on mortgage applications creates frustration and can shatter your dreams of owning your own home. At Dynamite Netherlands, we understand all too well how this feels. In fact, we have already helped thousands of people with BKR problems to still be able to buy their dream home.

In this comprehensive guide, we take you through all aspects of a mortgage with BKR. You will discover exactly what a BKR registration means, what consequences it has for your mortgage application, and most importantly: what your concrete options are to still be able to buy your dream home. We will discuss different scenarios, depending on whether you have a positive or negative registration.

From our years of working with BKR problems, we know that there is almost always a way forward. Even with a BKR registration, there are ways to get a mortgage. Sometimes this is with a regular lender, in other cases it may help to address the registration first. In this guide, we share our knowledge and experience so you can take concrete steps toward your own home.

Which banks provide a mortgage with BKR registration?

If you have a BKR registration, it is crucial to know which banks and other mortgage lenders are willing to give you a mortgage anyway. This varies greatly from bank to bank and depends on the type of registration you have.

With a positive BKR registration, most mainstream banks are willing to provide a mortgage, although as discussed earlier, borrowing capacity will be lower due to existing credit charges. Below is an overview of the options for different types of registrations:

Mortgage with positive BKR registration:

Almost all banks and mortgage lenders provide mortgages with positive registrations. The big names such as ABN AMRO, Rabobank, ING, Nationale Nederlanden, as well as smaller lenders have no problem with this as long as you have sufficient income to carry the mortgage and existing loan charges.

Mortgage with H1 coding (recovery code after payment arrangement):

Some banks are willing to still provide a mortgage here under conditions. These are often the more flexible parties such as NIBC, Venn Hypotheken, Bijbouwe, Florius and Dynamic Credit. A condition is usually that the payment schedule has been followed correctly for a long time and there is sufficient income.

Mortgage with H2, H3 or H4 coding:

This becomes a lot more difficult. Most mainstream banks will reject you with these codes. There are some niche players such as Hypotrust, IQWOON or BLG Wonen that can provide customized solutions in specific cases, but expect higher interest rates and stricter terms.

Mortgage with active A code:

With an active arrears report, it is almost impossible to get a mortgage from a regular bank. In these cases, the advice is to first clear the arrears or have the registration removed.

What also plays into banks' assessment:

• The age of the registration: The longer ago the problems occurred and the longer you have been fulfilling your obligations nicely, the more likely a bank will want to get over your BKR registration.
• The amount of arrears: For small arrears, banks are often more lenient than for large amounts.
• The reason for arrears: If you have a clear and understandable explanation for your payment problems (such as illness, unemployment or divorce), this can help with your application.
• Your current financial situation: The more stable your current income and the lower your current expenses, the more chance you have.

If you are unsure about your options, it is wise to first seek advice from a mortgage broker who has experience with BKR issues. Dynamite Netherlands can also help by assessing whether your BKR registration may be unjustified and can be removed.