Refinancing a mortgage
Did you take out your mortgage during a period of higher interest rates? If so, there’s a good chance you could save on your monthly payments by refinancing your mortgage. But how does refinancing work and why do you need a notary to do so? At Westvaer, we take care of the legal aspects for you, allowing you to focus on the benefits of lower costs and a better financing structure.

What is refinancing a mortgage?
Refinancing a mortgage means replacing your current loan (commonly referred to as a mortgage) with a new loan, often with a different lender. This can be advantageous if, for example, you can benefit from a lower interest rate or better terms. As part of refinancing, the old loan is paid off, and a new mortgage right is established on your property.
The notary plays a crucial role in this process. We handle:
- cancelling the old mortgage right at the Land Registry;
- establishing the new mortgage right;
- coordinating financial transactions between you and the involved parties.
Why do you need a notary?
In The Netherlands, the notary is responsible for the official part of the refinancing process. By granting the bank a mortgage right, you provide the bank with security, meaning the bank has the right to auction your property if you fail to meet your obligations. This must be documented in a notarial deed, which is registered with the Land Registry. At Westvaer, we ensure this process runs smoothly and complies with all legal requirements.
We take the time to analyse your situation, giving you peace of mind that everything is legally and financially in order.
How does the refinancing process work at Westvaer?
Assessment of your situation
We begin with a thorough analysis of your existing mortgage and the terms of your new financing.
Legal review and processing
We verify the necessary documents and ensure the new mortgage deed meets all legal requirements. Additionally, we handle the cancellation of the old mortgage right at the Land Registry.
Finalization and aftercare
During the formal conclusion of the refinancing process, you will receive a financial statement summarizing all cash flows, including the costs. This is known as the settlement. Of course, we remain available after the process to provide advice and support.
Frequently asked questions about refinancing your mortgage
Here, we answer some common questions:
What are the benefits of refinancing a mortgage?
- lower monthly costs: a lower interest rate can significantly reduce your monthly expenses, potentially saving you thousands over the long term;
- better terms: new mortgages often come with more favourable terms, such as greater flexibility for repayments or additional investment opportunities;
- simplified administration: by consolidating loans or restructuring your mortgage, you can gain clearer oversight of your financial situation.
When is refinancing a mortgage beneficial?
Refinancing is worthwhile if the current market interest rate is significantly lower than the rate you are paying. It may also be appealing if you want greater flexibility, such as the ability to repay your loan faster. However, do consider potential early repayment penalties.
What are the costs of refinancing a mortgage?
Costs may include an early repayment penalty charged by your current lender, as well as fees for the notary, property appraisal and advice. At Westvaer, we maintain transparent pricing for our services, so you know exactly what to expect.
How long does the refinancing process take?
On average, refinancing takes about four to six weeks, depending on the complexity of your situation. We ensure a smooth process and keep you informed at every step.
Do you have additional questions? Our experts are ready to assist you.
Why choose Westvaer?
At Westvaer, we combine our legal expertise with a personal approach. We understand that refinancing your mortgage is not only a legal but also an important financial decision. That’s why we offer:
- clear advice: we speak your language, avoiding unnecessary jargon;
- efficiency: fast action and precise handling;
- transparency: no surprises in costs or the process.
Refinancing your mortgage provides opportunities to save money and improve your financial situation. At Westvaer, we guide you through the entire process, from legal checks to registration at the Land Registry. With our expertise and transparent approach, you are assured of a smooth and professional experience.