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Conditions Home Mortgage

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Conditions Home Mortgage October 2020 Home Mortgage Conditions Consisting of: Conditions governing ABN AMRO Mortgage Types - Home Mortgage, 1 October 2020 General Mortgage Conditions, 1 February 2015 General Conditions of ABN AMRO Bank N.V., March 2017 Contents Home Mortgage Conditions Conditions governing 6. Change in interest rate ABN AMRO Mortgage Types - Budget Mortgage 6.1 Can my interest rate change before I sign the mortgage deed? 1. General information 6.2 When does the bank reset the interest rate for my 1.1 What does a mortgage consist of? loan component? 1.2 What does the mortgage right entail? 6.3 What changes affect the fixed interest rate of my loan? 1.3 Your mortgage must be in keeping with your 6.4 What should I do if I wish to change the interest rate? financial situation and your wishes 6.5 What are the requirements for the valuation report? 1.4 Loan components 6.6 May I change my interest rate if I have a loan 1.5 Why are examples provided in these conditions? component with an interest rate refixing period? 1.6 How should I read these conditions? 6.7 I have a mortgage with a National Mortgage 1.7 Your mortgage and the Dutch Tax and Customs Guarantee. May I change the interest rate? Administration 1.8 Home Mortgage 7. End of fixed-rate period 1.9 Private Banking Home Mortgage 7.1 For how long has my interest rate been fixed? 1.10 Extra Home Mortgage 7.2 What happens when my fixed-rate period ends? 1.11 Private Banking Extra Home Mortgage 7.3 May I modify the expiry date of the fixed-rate period (during an interest rate refixing period)? 2. What rules does the bank apply when granting loans? 8. Changing a loan component at the end of a fixed- rate period 3. The conditions 8.1 May I change the characteristics of my loan 3.1 To what do these conditions apply? component at the end of a fixed-rate period? 3.2 What documents contain the rules for my mortgage? 8.2 What should I do if I wish to change the fixed-rate 3.3 Which rules prevail in the event of conflict between them? period or interest rate type? 3.4 Can the bank change my conditions? 8.3 What should I do if I wish to change the mortgage type? 8.4 Are there requirements that I must fulfil if I wish to 4. Starting date and end of term of loan/loan component change my loan? 4.1 When does the term of my loan component start? 8.5 What conditions apply if I change my loan component 4.2 When does the term of my loan start? on the day that my fixed-rate period ends? 4.3 When does my loan component end? 8.6 May I also change my mortgage for which a 4.4 When does my loan end? National Mortgage Guarantee has been issued? 4.5 I am unable to repay the loan at the end of the term. 8.7 Do I have to pay a compensation or costs for Am I permitted to not make the repayment? changing a loan component? 8.8 What interest do I owe if my loan component 5. Interest - General changes on the interest rate refixing date? 5.1 What does the loan offer say about the interest? 5.2 Over what period do I owe interest and when must 9. Changing a fixed-rate loan component during the I pay it? fixed-rate period 5.3 What determines the rate of interest I pay? 9.1 Can I change my loan component during the fixed- 5.4 How is the amount of interest that I must pay rate period as well? calculated? 9.2 Do I have to pay a compensation? 5.5 What interest rate type do I have? 9.3 What conditions apply if I change a characteristic of 5.6 What is variable interest? a loan component during the fixed-rate period? 5.7 What is fixed interest? 9.4 What interest rate will I pay if I change the interest 5.8 What is a fixed-rate period? rate during the fixed-rate period? 5.9 When does the fixed-rate period start? Page 1 of 4 Contents Home Mortgage Conditions October 2020 10. Changing a variable-rate loan component 13.4 What happens if I do not make my monthly 10.1 May I change a variable-rate loan component? payment or do not do so in time? 10.2 What are the consequences if I change the 13.5 What happens if I do not pay the premium for my variable-rate loan component? insurance or the amount for my bank savings 10.3 What interest rate will I pay if I change the variable account or investment account? interest rate to a fixed interest rate? 13.6 How should I give notice of a change in my bank account number? 11. Bridging loan 11.1 What is a bridging loan? 14. Repayment (redemption) 11.2 What is the term of a bridging loan? 14.1 When must I have repaid my loan in full? 11.3 What interest rate do I pay for a bridging loan? 14.2 Can I also repay my loan (or part of it) early? 11.4 May I change my bridging loan? 14.3 What amount of my loan can I repay without being 11.5 When must my bridging loan be repaid in full? charged a compensation? 11.6 I am unable to repay the bridging loan at the end of 14.4 Do I owe a compensation if I repay my loan (or part the term. Am I permitted to not make the repayment? of the loan) early? 14.5 When can I repay my loan (or part of the loan) 12. Building fund account without being charged a compensation? 12.1 What is a building fund account? 14.6 How is the compensation calculated if I repay my loan? 12.2 What should I do if I want a building fund account? 14.7 What happens to my monthly amount after I have 12.3 When should I make use of a building fund account? repaid part of my loan? 12.4 What is paid from the building fund account? 14.8 What should I do if I wish to repay the loan in full? 12.5 May I have a building fund account if I have a loan 14.9 Will my mortgage be assigned to a different tariff with a National Mortgage Guarantee? class after an extra repayment? 12.6 What happens to the amount for the new build or home improvement? 15. Portability 12.7 When is the money deposited in the building fund 15.1 What is the portable mortgage scheme? account? 15.2 When can I make use of the portable mortgage 12.8 What is the starting date of the term of the building scheme? fund account? 15.3 How much can be transferred under the portable 12.9 What is the term of the building fund account? mortgage scheme? 12.10 Do I pay interest on the amount in the building 15.4 Do I continue paying the same interest rate for the fund account? part of the mortgage that I transfer? 12.11 Do I receive interest on the amount in the building 15.5 Can I continue to have the same mortgage type for fund account? my loan? 12.12 When and how is the amount paid from the 15.6 What conditions will govern my loan? building fund account? 12.13 Does the bank also pay invoices for extra work? 16. Increasing your loan 12.14 What should I do with the invoice for the last 16.1 What requirements apply if I wish to increase my loan? progress payment? 16.2 What should I do if I wish to increase my loan? 12.15 What happens to my building fund account if the 16.3 What happens to my loan and the conditions if I balance is less than € 7,500 during the term? wish to increase my loan? 12.16 What happens if there are still funds in the building 16.4 Do I have to visit the civil-law notary’s office in fund account after the expiry of the term (a surplus)? order to increase my loan? 12.17 May I close the building fund account early? 12.18 Do I pay extra costs for my building fund account? 17. Duty to provide information 12.19 How do I know how much is in my building fund account? 18. Insurance or account linked to the loan 12.20 May my building fund account be overdrawn? 18.1 What is the purpose of my endowment insurance, bank savings account, investment account or other 13. Monthly payment account or insurance? 13.1 What does my monthly payment consist of? 18.2 What happens if I have repaid or changed my loan? 13.2 Do I owe more than the monthly amount? 18.3 When is the accumulated capital paid out? 13.3 How do I pay the bank? Page 2 of 4 Contents Home Mortgage Conditions October 2020 19. Buildings insurance 25.15 May I reduce the sum insured if I have repaid part of my Endowment Mortgage? 20. Change of address 25.16 What should I do if I do not wish the death benefit under my life insurance to be paid to the bank if I die? 21.
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