A family loan for your own home: how it works

Buying a home with help from your family is common in the Netherlands, and a family loan for your own home can even come with mortgage interest deduction. The conditions are specific, but very doable once you know them.

When the interest is deductible

Three conditions make the interest deductible (renteaftrek): the loan buys or improves your own home, it is repaid annuity-style or linearly within 360 months, and it is reported in your tax return. Meet all three and the interest works like a bank mortgage's interest, minus the bank.

The rate must be market-conform, roughly what a bank would charge for a similar home loan. That is usually a pleasant surprise: family rates tend to be kinder than bank rates, while staying fully deductible.

Bank, family, or both

A full family mortgage replaces the bank entirely. A smaller family loan complements it, covering the gap between the bank mortgage and the purchase price plus buyer costs. Banks accept documented family loans, and the monthly repayment counts in your borrowing capacity.

First-time buyers: the family loan is real debt in the eyes of the bank. Expect it to lower what the bank lends, but often at better total terms than a bigger bank mortgage.

FLUX5 drafts the agreement with the 360-month rule and market-conform band built in, then debits everything monthly. Your mortgage advisor gets a clean PDF, your family gets certainty, you get the keys.