{"id":9545,"date":"2022-12-08T11:57:30","date_gmt":"2022-12-08T10:57:30","guid":{"rendered":"https:\/\/www.hypotheekwinkel.be\/second-home\/tweede-verblijf-in-het-buitenland\/"},"modified":"2024-07-03T12:49:29","modified_gmt":"2024-07-03T10:49:29","slug":"second-home-abroad","status":"publish","type":"page","link":"https:\/\/www.hypotheekwinkel.be\/en\/second-home\/second-home-abroad\/","title":{"rendered":"Second Home Abroad"},"content":{"rendered":"\n\n
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Second Home Abroad<\/h1>\n <\/div>\n <\/div>\n \n \n <\/div>\n <\/div>\n<\/section>\n\n\n\n\n
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For a mortgage loan, your house is the bank’s security. If you can’t repay the loan, the bank has a backup plan to (in a worst-case scenario) sell your house. But what happens if you want to buy a house in France or Italy, for example?<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n\n\n\n

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Option 1: Borrowing in Belgium<\/h2>\n <\/div>\n \n
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A Belgian bank will not accept your house abroad as collateral. It’s too far removed for them. You will need to take out a mortgage on your house in Belgium. This can be tricky if you already have a large outstanding loan. You will be able to borrow much less unless your house is largely paid off.<\/p>\n

Specifically, with such a “second-rank” mortgage, you will usually only be able to borrow what you have already repaid. No more. Unless… there are other options, but it’s best to discuss these with us.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n\n\n\n

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Option 2: Borrowing Abroad<\/h2>\n <\/div>\n \n
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If you go through a foreign bank, they will have no problem securing the loan with the foreign property. But the issue will be your income. If you only have income in Belgium, it is not “seizable” from abroad if things go wrong. Bankers don’t like that. Your loan application in another country will only be successful if you also earn money there.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n\n\n\n

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Additional Considerations<\/h2>\n <\/div>\n \n
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