Does that sound appealing? Take out a mortgage without seeking advice from a mortgage advisor? It occurs more and more often. But please note that you can choose the lowest interest rate.

According to online mortgage advisor Mortgage 24, the number of ‘do-it-yourselfers’ rose by about 50 percent in almost three years. This number includes the requests online. The Netherlands Authority for the Financial Markets (AFM) reports that around 9 percent of all home buyers now arrange the mortgage online.

Execution only

Mortgage without advice is also called execution only . Only the execution. You compose the mortgage yourself and make the application. The lender then executes your application; it checks it and prepares the mortgage offer. Then you arrange the necessary documents on time.

The government calls a mortgage a complex financial product. This means that advice is mandatory when you take out a mortgage. For people who know a lot of mortgages, an exception is made. They can take out a mortgage without advice. However, a knowledge and experience test is required beforehand. The result is not binding. If you do not pass the test, you can take out a mortgage without advice, but this is not recommended.

Consumind connects you for free with an independent mortgage advisor in your area. So you can decide for yourself if you want to use an advisor or want to get started yourself!


More and more parties offer mortgages without advice. Although not everyone is interested in it – from a previous study by De Hypotheker it appeared that young starters would prefer advice rather than wanting to organize themselves with such a large financial commitment – the attention for them has grown. This is due to the fact that mortgages are getting simpler: Nowadays you can only choose between linear or annuitant as a starter. In addition, it is more transparent now that you will see the costs for mortgage advice directly from your advisor and pay for it yourself. Earlier, you were only presented with the bank’s total account. Furthermore, it is now only possible to borrow up to 100 percent of your home value.


For a mortgage without advice, some comments can be made. You can easily save around 750 to 1000 euros. However, you have to opt for the lowest possible mortgage interest. An interest rate difference of 0.3 percent on a mortgage of 250,000 euros will cost you 750 euros in the first year. You can count if you set this interest rate for 20 years.

According to researcher MoneyView, who examined the total costs during the first full fixed-rate period (of four different cases), the cost advantage of a mortgage without advice is limited: a maximum of 384 euros difference between the cheapest mortgage without advice and one with advice. This concerns the cost advantage during the first first fixed-rate period of 10 or 20 years. The benefit at the start of the mortgage is greater. The question is whether this outweighs the knowledge and experience of a mortgage advisor. Get in touch with a mortgage advisor in your area? Consumind is happy to help you!