Document background
The Mortgage Letter (hypotheekofferte) is a crucial document in Dutch property financing that initiates the formal lending process. It is issued by financial institutions after initial approval of a mortgage application and preliminary checks. This document serves multiple purposes: it confirms the lender's intention to provide financing, specifies all key terms and conditions of the mortgage, and outlines the steps needed to proceed to final mortgage deed execution. The letter must comply with Dutch banking regulations, consumer protection laws, and the Code of Conduct for Mortgage Loans. It typically includes information about the property, loan terms, interest rates, payment schedules, and any special conditions. The Mortgage Letter is particularly important in the Dutch context as it forms the basis for the notarial deed and must meet specific regulatory requirements for consumer financial products.
