More than 100,000 Flemishes have already applied for the MijnVerbouwPremie: this is how you can finance your renovation project | MyGuide

If you want to buy a home, you may need to take out a mortgage. If you know that you also have to do some renovation work, you can ask your bank to take this into account. You can then get a buy-and-renovate mortgage together. This happened last year 12,386 times in our country, according to an overview of the Banking Association in Bleven.

Read more: Buying a house or (re)building plans? Watch out for these additional costs of your home loan or renovation.

The advantage of this method is that you can also enjoy the rate of mortgage loans for your renovations. This is usually cheaper than the price of unsecured renewal loans. However, today you can quickly count on an interest rate of 3.5-4 percent.

The disadvantage is that the notary and registration costs are higher. After all, a mortgage loan must be included in a notarized deed and then officially registered. For a loan of €200,000, you can expect costs of €5,386. If the loan amount rises to €275,000 due to renovations, the counter will rise to €7,335 in costs.

Are there still good deals to be made? Here you will find current home loans from visitors to Spaargids.be.

If it is a smaller renovation, a mortgage loan is not necessary. You can then get a normal renewal loan without a lot of formalities. The rate is slightly higher than that of a mortgage loan. Today the average is between 4 and 6 percent.

Do you have a project on the agenda? Overview of the cheapest renewal loans now.

If you are primarily making energy saving investments during renovation, you may qualify for an energy loan. It offers the same benefits as a renewal loan, but is usually a little cheaper. Today you can already find such formulations with an interest rate of 3.5-5 percent.

Boiler installation, solar panels, double glazing, or roof insulation? Here you can see the best rates for energy credit.

Perhaps you already have a mortgage? In this case, you can withdraw the capital that you have repaid. You can do this without going through a notary. You can then get a mortgage loan interest rate and save extra notary costs.

However, the government also helps you. For example, you can apply for my renewal loan Which amounts to 60 thousand euros. The interest rate is currently 2.25 percent. This loan can be applied for at Energiehuis.

Bachelors may earn a maximum of €51,840. Single person with one or two spouses without dependents €74,060.

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