Last Monday there was quite a stir because too high mortgages were provided through a trick with energy-saving measures. Colleague Anneke wrote in her blog that GNH has changed the text so that it is now clearer.
GNH is not yet ready
They can change more text as a result of the study debt. According to GNH, a study debt does not have to be included in the maximum mortgage if the repayment on this study debt only takes place after 12 months. Mortgage advisers can make good use of this deferred repayment. If the study debt does not have to be tested, the maximum mortgage will be (considerably) higher. Moreover, it is possible to ask yourself as a former student to postpone the repayment. The maximum duration for delay is even five years.
Now that 1 plus 1 has become two, a fun study trick has emerged. However, the AFM thinks very differently here. They sent the following answer in a personal e-mail to me about study debts in combination with the assessment of the maximum mortgage.
When determining the maximum financing burden for obtaining a mortgage
All financial obligations of the customer must be taken into account (Article 3. Temporary Regulation on mortgage credit). A study debt is also a financial obligation and therefore counts. This applies to a mortgage with and without GNH. If a (temporary) delay in paying off the student loan has been obtained, mortgage providers must nevertheless take the student loan into account. If they do not do so, they will violate laws and regulations. Failure to include the study debt when taking out a mortgage can cause problems in the future and is therefore not in the interest of the consumer.
The aforementioned response from the AFM says enough. A study debt must therefore always be included in the assessment of the maximum mortgage. I am sure that many mortgage advisors are not happy with this response from the AFM. Many mortgages have (probably) been taken out in recent years that do not include study debts. With these mortgages issued, the chance of over-lending is very high. The result is a violation of laws and regulations. This in turn can lead to a fine from the AFM.
GNH now has the floor to adjust the text concerning study debts
This prevents fines and complaints. Moreover, it is wiser to sit around the table with the AFM. This prevents banks and mortgage advisers from becoming involved in the criminal bench afterwards.