{"id":6983,"date":"2023-07-05T13:36:28","date_gmt":"2023-07-05T11:36:28","guid":{"rendered":"https:\/\/www.appartement.be\/all-about-my-rebuilding-loan\/"},"modified":"2023-07-05T13:36:28","modified_gmt":"2023-07-05T11:36:28","slug":"all-about-my-rebuilding-loan","status":"publish","type":"post","link":"https:\/\/www.appartement.be\/en\/all-about-my-rebuilding-loan\/","title":{"rendered":"All about &#8220;My Rebuilding Loan&#8221;"},"content":{"rendered":"<p><em>Do you have renovation plans soon? The Flemish Government provides financial support to improve the living quality and energy performance of the Flemish home. Before starting works, check whether you are eligible for My VerbouwLening and borrow up to \u20ac60,000 for your renovation works. My VerbouwLening replaces the Energy Loan (loan up to \u20ac15,000) and the Energy Loan+ (home acquired through inheritance or donation) since September 1, 2022. In this article, we explain who is eligible, how to apply, the works you can apply for and the repayment process.    <\/em><\/p>\n<h2>Who is eligible?<\/h2>\n<p><span style=\"font-weight: 400;\">The 5 target groups below can apply for My Rebuilding Loan. Read the groups carefully, who knows, you too may qualify. <\/span><\/p>\n<h5><strong>Private owner-occupants in the lowest and middle income categories of My Rebuilding Premium<\/strong><\/h5>\n<ul>\n<li aria-level=\"1\">The applicant owns the property and is domiciled there (or within 36 months at the latest).<\/li>\n<li aria-level=\"1\">My Rebuilding Loan can be applied for in conjunction with a walking mortgage loan (if there is sufficient repayment capacity, which are evident from the Energy House analysis).<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>For private owners, the following income eligibility limits apply (for applications beginning Jan. 1, 2023):<\/p>\n<ul>\n<li aria-level=\"1\">Single person: maximum annual income is \u20ac51,840.<\/li>\n<li aria-level=\"1\">Single person with 1 dependent or couple without dependent person: maximum income is \u20ac74,060 on an annual basis. This amount is increased by \u20ac 4160 per additional dependent person. <\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h5><strong>Private landlords<\/strong><\/h5>\n<p><strong>1. Landlords through a social rental agency.  <\/strong><\/p>\n<ul>\n<li aria-level=\"1\">Income limits do not apply to this target group.<\/li>\n<li aria-level=\"1\">One must be in possession of a written rental pledge with the social rental office for the rental of the property.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>2. Conventional rentals (private rentals)<\/strong><\/p>\n<ul>\n<li aria-level=\"1\">Income limits do not apply to this target group either.<\/li>\n<li aria-level=\"1\">The monthly rent should not exceed \u20ac900. However, it will be determined after the renovation works are carried out. <\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h5><strong>New owners through inheritance or donation<\/strong><\/h5>\n<p>If you have inherited a house or apartment or acquired it by gift, you have been eligible for My Rebuilding Loan since September 2022, provided your salary belongs to the lowest or middle income group. Remember that in this situation, you can only apply for My Rebuilding Loan until the end of 2024. Did the inheritance or gift take place before September 1, 2022? Then you will still be able to take out an Energy Loan+. <\/p>\n<p>&nbsp;<\/p>\n<h5><strong>Non-commercial legal entities and cooperatives  <\/strong><\/h5>\n<ul>\n<li>Buildings on which they have a right in rem<\/li>\n<li>Homes rented through SVK (social rental office)<\/li>\n<li>Properties rented through private rentals<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h5><strong>Co-owner associations  <\/strong><\/h5>\n<p>An Association of Co-owners (VME) can use My Rebuilding Loan with a maximum term of 25 years. The loan offers up to \u20ac60,000 for the building, plus \u20ac25,000 per apartment. <\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2319\" src=\"https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/04\/pexels-kindel-media-9875408-300x225.jpg\" alt=\"A man installs solar panels on his roof\" width=\"687\" height=\"515\" srcset=\"https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/04\/pexels-kindel-media-9875408-300x225.jpg 300w, https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/04\/pexels-kindel-media-9875408-1024x768.jpg 1024w, https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/04\/pexels-kindel-media-9875408-768x576.jpg 768w, https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/04\/pexels-kindel-media-9875408-1536x1152.jpg 1536w, https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/04\/pexels-kindel-media-9875408-2048x1536.jpg 2048w\" sizes=\"auto, (max-width: 687px) 100vw, 687px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2>What works can I finance?<\/h2>\n<p><span style=\"font-weight: 400;\">Not only you, but also your home must meet some things. Wondering what the conditions are? Then read on quickly  <\/span><\/p>\n<p><span style=\"font-weight: 400;\">My VerbouwLening is only applicable to buildings located in the Flemish Region and at least 15 years old on the application date. <\/span><span style=\"font-weight: 400;\">For solar water heaters, heat pumps and heat pump boilers, the following applies: the environmental permit must have been granted more than 5 years ago and the building must meet <\/span><a href=\"https:\/\/www.vlaanderen.be\/epb-eisen\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400;\">the EPB conditions<\/span><\/i><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Demolition and reconstruction do not fall under categories of works and thus are not part of My Rebuilding Loan.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>What kind of works can you apply for?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">We briefly list all the categories of works within My Rebuilding Loan for you and also mention the maximum amount to borrow for each category:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Roof renovation (limited to amount on invoice including VAT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interior renovation (a maximum bill of \u20ac5000 + VAT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Renovation of floors and foundations (limited to amount on invoice including VAT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exterior wall renovation (limited to amount on invoice incl. VAT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Renovation of windows and doors (limited to amount on invoice incl. VAT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Solar water heater (limited to amount on invoice incl. VAT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Heat pump boiler (limited to amount on invoice incl. VAT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(hybrid) Heat pump (limited to amount on invoice incl. VAT) <\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Electricity and plumbing (maximum invoice of \u20ac7,500 + VAT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gas condensing boiler (this category is only possible when renting through a social rental office and for the lowest income category)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Solar panels that meet the conditions of <a href=\"https:\/\/www.vlaanderen.be\/premie-van-fluvius-voor-zonnepanelen-van-woongebouwen\" target=\"_blank\" rel=\"noopener\">the Fuvius Solar Panel Premium<\/a> (the full amount on invoice including VAT)<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Are you a do-it-yourselfer? Then work on electricity, plumbing and interior renovation qualify. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-2545\" src=\"https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/07\/pexels-ksenia-chernaya-5691531-300x200.jpg\" alt=\"Install new windows with help from My Rebuilding Loan\" width=\"824\" height=\"549\" srcset=\"https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/07\/pexels-ksenia-chernaya-5691531-300x200.jpg 300w, https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/07\/pexels-ksenia-chernaya-5691531-1024x684.jpg 1024w, https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/07\/pexels-ksenia-chernaya-5691531-768x513.jpg 768w, https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/07\/pexels-ksenia-chernaya-5691531-1536x1025.jpg 1536w, https:\/\/www.appartement.be\/wp-content\/uploads\/2023\/07\/pexels-ksenia-chernaya-5691531-2048x1367.jpg 2048w\" sizes=\"auto, (max-width: 824px) 100vw, 824px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2>How do I submit an application?<\/h2>\n<h5>Request<\/h5>\n<p><span style=\"font-weight: 400;\">From September 1, 2022, you can apply for My Rebuilding Loan through the Energiehuis in your neighborhood, for this you should consult your municipality. You can borrow up to \u20ac60,000 euro at an advantageous interest rate. The repayment of the loan runs for a maximum of 25 years.    <\/span><\/p>\n<p>You can apply for My Rebuilding Loan from September 1, 2022 until the end of 2026 (until the end of 2024 in case of inheritance\/donation). You can apply through <a href=\"https:\/\/authenticatie.vlaanderen.be\/stb\/html\/ssologin\" target=\"_blank\" rel=\"noopener\">the online application platform<\/a> or through <a href=\"https:\/\/mijnenergiehuis.be\/#energyhous-map-section\" target=\"_blank\" rel=\"noopener\">the Energy House for your municipality. <\/a> Only 1 My Rebuilding Loan can run per property. A new renovation loan can only be granted once the first one has been repaid in full. The loan can be divided into up to 6 different tranches, so you do not have to use the borrowed amount in full right away. The withdrawal tranches may not total more than \u20ac60,000. The final withdrawal date of the borrowed amount is 36 months (after the signing of the loan agreement  <\/p>\n<p>&nbsp;<\/p>\n<h5>Invoices<\/h5>\n<p>To apply for a loan, you need quotes. Based on these quotes, The Energy House can determine if the applicant, the home and the planned work qualify on My Rebuilding Loan. To disburse the loan, you need invoices. These should not be older than the application date of My Rebuilding Loan. The invoice amount determines the final loan amount. <\/p>\n<p>&nbsp;<\/p>\n<h2>What is the refund process like?<\/h2>\n<p><span style=\"font-weight: 400;\">Just like taking out a loan from a bank, The Energy House will also consider what is feasible for you based on your individual situation and ability to repay and will then determine a well-balanced loan amount and term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some important points:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The amount to be borrowed is between \u20ac1,250 and \u20ac60,000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A maximum repayment term of 25 years<\/span><\/li>\n<li aria-level=\"1\">The Flemish Government offers this loan interest-free, as long as the legal interest rate remains below 3% (currently the legal interest rate is 5.25%)<\/li>\n<li aria-level=\"1\">Since Feb. 1, 2023, new applications will receive an interest rate of 2.25% (current loans will not be adjusted)<\/li>\n<li aria-level=\"1\">You can calculate the interest rate for your renovations yourself using <a href=\"https:\/\/apps.energiesparen.be\/simulators\/rente-simulator\" target=\"_blank\" rel=\"noopener\">the interest rate simulator<\/a><\/li>\n<li aria-level=\"1\">The Energy House does not charge filing fees<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Don&#8217;t qualify for My Rebuilding Loan? Then apply for <a href=\"https:\/\/www.appartement.be\/groene-lening\/\">a green loan<\/a> to finance energy-saving works. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you have renovation plans soon? The Flemish Government provides financial support to improve the living quality and energy performance of the Flemish home. Before starting works, check whether you are eligible for My VerbouwLening and borrow up to \u20ac60,000 for your renovation works. My VerbouwLening replaces the Energy Loan (loan up to \u20ac15,000) and [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":5406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1120,1128],"tags":[1179,1326,1840,1124,1123,2080,1839],"class_list":["post-6983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy","category-rental","tag-advice","tag-flanders","tag-grants","tag-legal","tag-legislation","tag-my-rebuilding-loan","tag-premiums"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/posts\/6983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/comments?post=6983"}],"version-history":[{"count":0,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/posts\/6983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/media\/5406"}],"wp:attachment":[{"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/media?parent=6983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/categories?post=6983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.appartement.be\/en\/wp-json\/wp\/v2\/tags?post=6983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}