Let us calculate your options in the Netherlands
Residential mortgages have different lending conditions than buy-to-let mortgages. One of the conditions is: that you are not allowed to let your residential home without your bank's permission.
If you want to buy a new home and keep your current property, first, you need to make sure that your finances are in order. We can apply for both mortgages simultaneously to arrange them in one go.
The main question remains: how can you finance two homes simultaneously? You need a financial specialist to examine your situation and determine whether you can afford houses.
Your mortgage specialist helps you to determine the budget to afford two homes. There are many details to consider if you want to rent a home, for example, (additional) homeowners insurance, power bills, property taxes, and other costs associated with owning a second house.
There are two possible scenarios in this case:
Stay with the same mortgage lender
Staying with the same mortgage lender is a possibility. You may be able to transfer your house loan to a new property in the Netherlands. You can keep the same terms and interest rates in this situation
Move on to a new mortgage lender
There is always an option to find a new mortgage lender with more favorable conditions, for example, lower interest rates.
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