Before taking out a mortgage loan, always be sure to inform yourself about what it will cost you in the long term, ie the capital borrowed plus interest, the property tax, certain insurances. Other costs are also to be expected when signing the credit and your deed of purchase. These are called "one-time costs" .
With the Wikifin Real Estate Simulator you can quickly and easily calculate all the costs related to your real estate project.
There are three types of one-time fees.
File and expert fees
Before granting you your mortgage loan, the lender must compile a complete file. To do this, he may charge you a fee. A bank cannot exceed a maximum of 500 euros for the application fees for a mortgage loan or a maximum of 300 euros for a bridge loan with mortgage. For the combination of the two forms of credit, the administrative costs cannot exceed 800 euros.
For the refinancing of a mortgage loan , the rates are different. Thus, the bank can only, for a first refinancing without changing bank, charge half of the costs of the initial loan. So, if you had paid 500 euros in administration fees when taking out the loan, the bank can only charge you a maximum of 250 euros in the event of refinancing.
People who refinance a second time within twelve months will again pay the same amount as for the initial loan, that is to say 500 euros in our example. Your bank will bring in an expert to check the value of your property
Good to know
The processing fees are not recoverable in the event that, for one reason or another, the credit is ultimately not made.
Notary fees and expenses
Your notary is responsible for drafting the sales agreement and the deed of purchase for your property. It also serves as your contact with the seller's notary. As part of the drafting of the deed, he is required to carry out various searches such as checking if there are mortgages on the property you want to buy and if the seller is really the owner. Notary fees and expenses are priced according to regulations.
The taxes
These are registration fees, mortgage duty, stamp duty and any VAT . Registration fees vary according to the region in which the property is located and according to the cadastral income of the property.
The website notaire.begives all the information about these different costs and allows you to make simulations.
