What are the main caracteristics of the different housing loan types (rate types, terms, repayment...)?

Conventional housing loan with fixed interest rate equal monthly instalments during the chosen fixed interest rate period, secures your budget by protecting you against interest rate increases, terms of fixed interest rates (until revision): 5, 10, 12, 15, 20, 25 or 30 years, maximum term of the loan: 30 years, the full or partial early repayment of a fixed interest rate loan without payment of an early repayment indemnity is limited to the interest rate resetting periods with 15 days’ prior written notice to be sent to Spuerkeess, outside the interest resetting periods, a request for a full or partial early repayment is to be sent with 15 days’ prior written notice to Spuerkeess. After you receive Spuerkeess’s prior written approval and an early repayment indemnity (breakage cost) and an early repayment fee currently equal to EUR 200 are debited from your loan account, repayment will be possible. The early repayment indemnity is calculated on the basis of the terms fixed at the signing of the loan in accordance with the legal provisions in force. Subject to fulfilling the conditions provided by law, the early repayment indemnity may thus be limited by a ceiling of six months’ interest calculated on the repaid amount. Note that the law excludes the financing of rental property from this ceiling. Conventional housing loan with variable interest rate monthly instalments adjusted according to changes in the interest rate, maximum term of the loan: 30 years, early repayment possible at any time and without penalties. Mixed housing loan with variable/fixed interest rate By financing your investment with a loan that is part fixed interest rate and part variable interest rate, you can take advantage of the benefits of both forms of interest rates: flexibility of early repayment for the variable interest rate, stability of the monthly repayment amount for the fixed interest rate. Flexibility Loan The Flexibility Loan reduces your monthly repayments and gives you greater flexibility when it comes to repaying your loan. It is a flexible formula that is suitable for all ages and all life situations. For newly-active people, the Flexibility Loan makes it easier to become a homeowner by reducing the monthly repayments at the start of the loan. For others, the Flexibility Loan provides for degressive monthly repayments, higher during working life and lower on retirement. Bridge loan interim financing solution pending the sale of real estate or the receipt of certain funds (for example, a life insurance payment), interest payable monthly, maximum loan term: normally 18 months, principal repayable at the final due date of the interim financing. EcoPrêt simplifies the financing of your projects to improve the energy performance of your home, attractive interest rates, no mortgage registration, no handling fee, loan between EUR 5.000 and EUR 100.000, term of the loan: 12 to 120 months.

Is there public assistance available?

Direct aids in the form of a capital payment Each person can benefit from a lump sum of direct aids in the form of a capital payment up to a total amount of EUR 35.000, known as the “capital payment pot”. A beneficiary may receive one or more of these subsidies for several successive homes. Each subsidy is calculated on the basis of the net income of the applicant’s domestic community, i.e. the combined net income of all the members of the household of the home to be purchased. Any principal assistance (including that already awarded in the past) is deducted from the total amount until the capital payment pot is exhausted. If there is more than one beneficiary, each instalment of a premium is allocated equally among them. Home ownership incentive of up to EUR 10.000 (+40% for a commonhold property or a terraced house and +15% for a semi-detached house) Renovation subsidy up to 40% of the total amount (excluding VAT) of invoices for improvement work carried out, with a minimum of EUR 500 per invoice (excluding VAT) Savings subsidy of up to EUR 5.000 over 10 years Topup Klimabonus subsidy from 10% to 100% of the initial Klimabonus amount Interest assistance Interest subsidy of between 0,25% and 3,5% of the mortgage rate State home loan guarantee A state home loan guarantee can be applied to those lacking sufficient own funds. Prerequisites to benefit from the guarantee : holding a savings account at the same banking institution. This savings account must be credited with at least EUR 1.000 per year for at least 3 years prior to the application. The amount of the loan must cover at least 60% of the cost of the project. Climate loan The goal of the interest subsidy for climate loans is to encourage sustainable energy renovation and reduce energy consumption. Loans considered up to a maximum of EUR 100.000 Interest subsidy of up to 1,5% without exceeding the effective rate of the loan

What are the required documents to obtain public assistance?

To receive housing assistance, you must provide: the application form a copy of the identity document (if foreign nationality : right of residence) a declaration concerning the composition of the household a document providing proof of the household income a copy of the authentic deed of purchase of the property a mortgage loan data certificate a declaration of honour

How is the registration tax calculated?

The registration tax and the recording tax are calculated as respectively 6% and 1% of the real estate purchase price. In the case of a land purchase where the home will be built subsequently, the registration and recording taxes are calculated based on the land purchase price. If the real estate is purchased for personal use, each person is eligible to receive a tax credit on notarial deeds of €40.000, to be deducted from the registration and recording taxes owed. For example: If real estate is purchased for €400.000, the registration tax owed will be €28.000 (7% of €400.000). If the buyer still has an available tax credit, they need only pay €100. They will have a remaining tax credit of €12.000, applicable to a future purchase. If a couple purchases real estate for €800.000, the registration and recording taxes owed will be: 7% of EUR 800.000 = EUR 56.000. If the two purchasers are each still entitled to the tax credit, they will only have to pay the minimum registration fee of EUR 100 and the remaining tax credit for each will be EUR 12.000 (40.000 - (56.000/2)) to be used for a next acquisition. Tax credit on notarial deeds for investments in rental housing: Physical persons can benefit from a tax credit to be applied on the registration and transcription fees normally payable on the purchase of a home in a future state of completion, provided the property is let for a minimum period of 2 years. This new temporary tax credit is limited to EUR 20.000 per purchaser.

Are there any financial assistance programs for energy remediation?

The renovation subsidy to finance the renovation or the improvement of the energy efficiency of a home The Topup Klimabonus subsidy for work promoting sustainability, rational energy use and renewable energy in housing

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Amount

min. 5.000 € - max. 10.000.000 €

Loan term

Nominal rate

0 % 9 %

Monthly instalment

2760.78 € 42860.87 €

Summary

Amount of the loan	500.000,00 €
Nominal rate	5,20 %
Monthly instalment	2.760,78 €

Annual Percentage Rate

5,33 %

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Des questions ? Nous sommes la pour vous aider.

Conventional housing loan with fixed interest rate
equal monthly instalments during the chosen fixed interest rate period,

secures your budget by protecting you against interest rate increases,

terms of fixed interest rates (until revision): 5, 10, 12, 15, 20, 25 or 30 years,

maximum term of the loan: 30 years,

the full or partial early repayment of a fixed interest rate loan without payment of an early repayment indemnity is limited to the interest rate resetting periods with 15 days’ prior written notice to be sent to Spuerkeess,

outside the interest resetting periods, a request for a full or partial early repayment is to be sent with 15 days’ prior written notice to Spuerkeess. After you receive Spuerkeess’s prior written approval and an early repayment indemnity (breakage cost) and an early repayment fee currently equal to EUR 200 are debited from your loan account, repayment will be possible. The early repayment indemnity is calculated on the basis of the terms fixed at the signing of the loan in accordance with the legal provisions in force. Subject to fulfilling the conditions provided by law, the early repayment indemnity may thus be limited by a ceiling of six months’ interest calculated on the repaid amount. Note that the law excludes the financing of rental property from this ceiling.
Conventional housing loan with variable interest rate
monthly instalments adjusted according to changes in the interest rate,

maximum term of the loan: 30 years,

early repayment possible at any time and without penalties.
Mixed housing loan with variable/fixed interest rate

By financing your investment with a loan that is part fixed interest rate and part variable interest rate, you can take advantage of the benefits of both forms of interest rates:

flexibility of early repayment for the variable interest rate,

stability of the monthly repayment amount for the fixed interest rate.

Flexibility Loan

The Flexibility Loan reduces your monthly repayments and gives you greater flexibility when it comes to repaying your loan. It is a flexible formula that is suitable for all ages and all life situations.

For newly-active people, the Flexibility Loan makes it easier to become a homeowner by reducing the monthly repayments at the start of the loan.

For others, the Flexibility Loan provides for degressive monthly repayments, higher during working life and lower on retirement.
Bridge loan
interim financing solution pending the sale of real estate or the receipt of certain funds (for example, a life insurance payment),

interest payable monthly,

maximum loan term: normally 18 months,

principal repayable at the final due date of the interim financing.
EcoPrêt
simplifies the financing of your projects to improve the energy performance of your home,

attractive interest rates,

no mortgage registration,

no handling fee,

loan between EUR 5.000 and EUR 100.000,

term of the loan: 12 to 120 months.
Direct aids in the form of a capital payment

Each person can benefit from a lump sum of direct aids in the form of a capital payment up to a total amount of EUR 35.000, known as the “capital payment pot”. A beneficiary may receive one or more of these subsidies for several successive homes. Each subsidy is calculated on the basis of the net income of the applicant’s domestic community, i.e. the combined net income of all the members of the household of the home to be purchased. Any principal assistance (including that already awarded in the past) is deducted from the total amount until the capital payment pot is exhausted. If there is more than one beneficiary, each instalment of a premium is allocated equally among them.

Home ownership incentive of up to EUR 10.000 (+40% for a commonhold property or a terraced house and +15% for a semi-detached house)

Renovation subsidy up to 40% of the total amount (excluding VAT) of invoices for improvement work carried out, with a minimum of EUR 500 per invoice (excluding VAT)

Savings subsidy of up to EUR 5.000 over 10 years

Topup Klimabonus subsidy from 10% to 100% of the initial Klimabonus amount

Interest assistance

Interest subsidy of between 0,25% and 3,5% of the mortgage rate

State home loan guarantee

A state home loan guarantee can be applied to those lacking sufficient own funds. Prerequisites to benefit from the guarantee : holding a savings account at the same banking institution. This savings account must be credited with at least EUR 1.000 per year for at least 3 years prior to the application. The amount of the loan must cover at least 60% of the cost of the project.

Climate loan

The goal of the interest subsidy for climate loans is to encourage sustainable energy renovation and reduce energy consumption.

Loans considered up to a maximum of EUR 100.000

Interest subsidy of up to 1,5% without exceeding the effective rate of the loan
To receive housing assistance, you must provide:
the application form

a copy of the identity document (if foreign nationality : right of residence)

a declaration concerning the composition of the household

a document providing proof of the household income

a copy of the authentic deed of purchase of the property

a mortgage loan data certificate

a declaration of honour
The registration tax and the recording tax are calculated as respectively 6% and 1% of the real estate purchase price. In the case of a land purchase where the home will be built subsequently, the registration and recording taxes are calculated based on the land purchase price.

If the real estate is purchased for personal use, each person is eligible to receive a tax credit on notarial deeds of €40.000, to be deducted from the registration and recording taxes owed.

For example:

If real estate is purchased for €400.000, the registration tax owed will be €28.000 (7% of €400.000). If the buyer still has an available tax credit, they need only pay €100. They will have a remaining tax credit of €12.000, applicable to a future purchase.

If a couple purchases real estate for €800.000, the registration and recording taxes owed will be:

7% of EUR 800.000 = EUR 56.000. If the two purchasers are each still entitled to the tax credit, they will only have to pay the minimum registration fee of EUR 100 and the remaining tax credit for each will be EUR 12.000 (40.000 - (56.000/2)) to be used for a next acquisition.

Tax credit on notarial deeds for investments in rental housing:

Physical persons can benefit from a tax credit to be applied on the registration and transcription fees normally payable on the purchase of a home in a future state of completion, provided the property is let for a minimum period of 2 years. This new temporary tax credit is limited to EUR 20.000 per purchaser.
The renovation subsidy to finance the renovation or the improvement of the energy efficiency of a home

The Topup Klimabonus subsidy for work promoting sustainability, rational energy use and renewable energy in housing

Have a look at our guide to housing loans:

Brochure "Guide to Housing Loans"

Are you planning to build, buy or renovate/refurbish a home? Such a project is a considerable investment that requires careful preparation and a trustworthy financial partner. Depending on the nature of your project and on your personal situation, various financing solutions are open to you. Our advisors are at your disposal to develop, with you, a tailor-made financing plan perfectly suited to your needs.

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