The Dutch Authority for the Financial Markets has set the mortgage stress test interest rate (toetsrente) for the third quarter of 2025 at 5%. Mortgage providers use this benchmark when calculating the financing burden and the permitted financing burden for mortgages with an interest rate fixed period of less than 10 years. If the actual offered borrowing rate is higher than the AFM-published toetsrente, lenders must use the offered borrowing rate instead when determining affordability limits. The toetsrente is calculated in line with Article 3(10) of the Temporary Regulation for Mortgage Credit as a market share weighted average of rates applied on the first day of the last month of the current quarter by at least five of the six largest mortgage providers, based on 10-year fixed-rate annuity mortgages without discounts or guarantees and a maximum loan-to-value ratio of 100%; market shares are based on Kadaster data and the number of mortgages issued.
Dutch Authority for the Financial Markets 2025-06-11
Dutch Authority for the Financial Markets sets Q3 2025 mortgage stress test rate at 5%
The Dutch Authority for the Financial Markets has set the mortgage stress test interest rate (toetsrente) for Q3 2025 at 5%. This rate is used by mortgage providers to calculate financing burdens for mortgages with interest rate fixed periods of less than 10 years. If the offered borrowing rate exceeds the toetsrente, lenders must use the higher rate to determine affordability limits.