Rachel's journey to buying a home in the Netherlands
Client story
Explore how Rachel (51), an American expat living in the Netherlands, navigated the process of buying her dream home in a country and culture foreign to her.
Career transition and financial challenges
As an expat, I had an excellent job as a partner at a large law firm, earning a substantial salary. However, I decided to start freelancing, which changed my financial situation. With an uncertain income, reaching my financial goals became challenging, especially when it came to obtaining a mortgage.
The expat mortgage dilemma
Securing a mortgage as an expat is always challenging. You’re not familiar with local procedures, you’re in a different country with a different language, and building a credit history is difficult. These obstacles made it even more difficult when my partner and I decided to sell our home and relocate to the other side of the Netherlands for our dream house.
House hunting: excitement and challenges
The process of finding a new home was both exciting and daunting. We spent countless weekends visiting different neighbourhoods, exploring various types of properties, and imagining our future. Every house had its charm, but we eventually found a place that felt perfect for us - a cozy yet spacious home with a beautiful garden and plenty of room for our hobbies and guests. Yet, the joy of finding our dream home was soon overshadowed by the challenge of securing a mortgage.
A world of difference
From my initial contact with ABN AMRO MeesPierson, I immediately noticed a world of difference compared to my previous experiences with other lenders. My private banker listened attentively to my story and understood the unique challenges I was facing. He reassured me and said, "We will find a solution that fits your situation."
Tailored solutions and personal attention
What followed was an experience of tailored solutions and personal attention. My private banker thoroughly analysed my financial situation and offered solutions specifically tailored to my needs. He took the time to understand the nature of my freelance work, reviewed my past earnings, and even considered future potential.
This comprehensive analysis allowed him to craft a mortgage plan that matched my irregular income pattern. He also provided additional support, such as advice on managing my investments and savings, ensuring I had a solid financial plan moving forward. This tailored approach allowed us to secure the financing for our dream home. Now, my partner and I live in a house we have always dreamed of.
Interested in private banking?
Do you live in the Netherlands o move here? And interested in our private banking services? Please contact us, we look forward to meeting you.