A mortgage from Hyra Hypotheken
We provide a mortgage for residential or mixed-use properties intended for rental. But what exactly are we financing, for whom and on what terms? We explain it below.
Our product features
We work according to our HYRA service, which stands for Help, Reliability and Attention. We focus on the wishes and needs of all our customers: we try to think along with our advisors and borrowers (to be) as much as possible.
This also reflects in our product features, which are tailored to the needs of real estate investors and advisors, whereby we ensure responsible financing.
Purpose of a Hyra Mortgage
You can use a Hyra Mortgage for:
- the purchase of an existing home, intended for rental;
- the refurbishment of an existing home, intended for letting;
- refinancing a mortgage loan for an existing home, intended for letting;
- withdraw excess value by refinancing a mortgage loan on an existing home intended for rental.
Our key product features
| Product features | Our USP's |
| Minimum mortgage amount | €100,000 |
| Maximum mortgage amount | €3,000,000 |
| Mortgage types | Interest only and Linear |
| Fixed-interest period | 1, 3, 5, 7 and 10 years |
| LTV | Interest only: up to 75% of the market value |
| Linear: up to 85% of the market value | |
| DSCR (Debt Service Coverage Ratio) | 1,10 (exceptions at a minimum of 1,05) |
| ICR | 1.25 |
| Mixed-use properties allowed? | Yes, but only when the residential part of the property covers at least 40% of the area, and up to 80% of the market value |
| Automatic decrease of interest upon (extra) repayment | Yes, the corresponding new mortgage rates will start to apply in the first month after the new risk class has been achieved |
| (Extra) Redemption free of charge | Up to 10% of the original mortgage amount per year |
| Construction depot | Yes, with a minimum of €10.000,- and a maximum of €100.000,- |
| Validity: 12 months | |
| 6-month extension possible | |
| Own choice of appraiser | Choice of any appraiser affiliated with the NRVT or RICS |
