Document background
The Home Loan Letter is a critical document in the Dutch mortgage lending process, serving as the formal offer of financing from a lending institution to prospective borrowers. It is typically issued after initial loan approval but before the final mortgage deed execution. The letter contains all essential information required by Dutch law, including loan terms, conditions, and obligations of all parties involved. This document must comply with strict regulatory requirements under Dutch financial law, including the Financial Supervision Act (Wft) and the Mortgage Credit Directive. The Home Loan Letter is particularly important in the Netherlands due to the country's highly regulated mortgage market and the requirement for transparent communication of loan terms to borrowers. It forms part of the binding documentation between the lender and borrower, and its acceptance is typically required before proceeding to the final mortgage deed with the notary.
