In recent years, the way mortgage applications are assessed has been the subject of extensive discussions with regulators. They have emphasized the importance of taking expected retirement income into account differently than is currently the case and of considering a borrower’s life expectancy in the assessment process.
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In response, Rabobank and Obvion have decided to amend their mortgage assessment policy on several points, effective March 2027. To help customers and financial advisers prepare, we are announcing the new standards well in advance.
From March 2027, expected retirement income will be taken into account when determining the maximum mortgage amount starting 15 years before the statutory retirement age. Under the current policy, this assessment is made only within 10 years of the expected retirement date.
In addition, from March 2027, the borrower’s life expectancy will be taken into account. This means that by age 85, the outstanding mortgage balance may not exceed 70% of the property value. At present, life expectancy is not considered in mortgage assessments. These changes may affect the maximum amount that customers can borrow.
If customers do not make any changes to their existing mortgage, the revised policy will not affect them. The new rules apply when a customer wants to refinance, move home, or make certain changes to an existing mortgage, such as increasing the mortgage amount. In special circumstances, such as divorce, death, or the end of the mortgage term, Rabobank or Obvion can work with the customer to explore appropriate solutions.
With these changes, we remain commited to providing responsible mortgage solutions for our customers, both now and in the future.
Customers who would like to understand what these changes mean for their personal situation can contact Rabobank, Obvion, or their financial adviser.
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