Homeowners will soon lose hundreds more euros to valuations. The new European housing tax directive will cost the owners of houses without giving them any advantage.
From June next year, a homeowner must have a traditional valuation report made for each new mortgage or change of his current mortgage. This is the case, for example, in the case of a conversion or in the case of overwriting the mortgage because of interest benefits.
Such a report is many times more expensive than the currently employed method now, where in many cases there is a model valuation. Sometimes a valuation is not necessary at all.
According to the VEH, a physical evaluation report, where the valuer measures and evaluates the whole house, costs €400 to 500. If this is necessary for every mortgage change, the account will soon run up. While these valuations are of no use to you, the Association, which speaks of a disproportionately heavy measure for the Dutch mortgage market, concludes.
DNB must indicate to the European Banking Authority EBA before the end of August whether it wishes to derogate from elements of the directive. This is possible, according to the homeowner’s Association, because there is no legislation.
‘As the European directive applies only to banks, insurers and governing parties may continue to accept model-based valuations’, says the VEH. “This distortion of the market is an argument in favour of a derogation from the valuation directive.”According to the VEH, however, DNB does not seem to want to take action.
A spokesman for DNB has not yet been available for comment. In the Financial Daily, a spokesman of the central bank states that the supervisor attaches importance to a ‘harmonised application of European legislation throughout Europe’, but does not want to go into the matter further.