Bid Insurance for Expats | Libero Financieel
- One of the few providers in the Netherlands
- No financial risk if your mortgage falls through
- Four times more likely to win a bid
You have found your dream home in the Netherlands. You want to make an offer, but competition is fierce. Sellers prefer buyers who bid without a financing contingency. That sounds risky: if your mortgage gets rejected, you owe the seller a penalty of 10% of the purchase price. On a home worth € 400,000, that is € 40,000.
With the bid insurance from Libero Financieel, you solve that problem. You bid without the contingency, we carry the risk. If the financing falls through, we pay the penalty. You keep your money, and you make an offer sellers cannot refuse.
What is bid insurance?
When making an offer on a property in the Netherlands, you can include an ontbindende financing contingency. This means you can withdraw from the purchase free of charge if the bank rejects your mortgage application. Useful for you, but uncertain for the seller.
An offer without a financing contingency is far more attractive to a seller. It signals confidence: this buyer will not back out. Until now, that came with serious personal risk for the buyer.
Bid insurance changes that. We assess your financial situation in advance. If we are confident the mortgage will work out, you can bid without the contingency. Should the mortgage unexpectedly fall through anyway, the insurance covers the penalty. You take on no financial risk whatsoever.
Why does bidding without a contingency work so well?
When sellers receive multiple offers, they almost always choose the buyer who offers the most certainty. A bid without a financing contingency provides exactly that. Research shows you are four times more likely to have your offer accepted compared to buyers who bid with a contingency.
Libero Financieel is one of the few parties in the Netherlands authorised to offer bid insurance. That is not a small detail: it means we know this product inside out, and that you are in good hands with us.
- Greater appeal to sellers: your offer carries the least risk for the seller, giving you a clear advantage over other bidders.
- No financial risk: if the financing unexpectedly falls through, the insurance covers the 10% penalty on the purchase price.
- Bid with confidence: you know exactly what you can borrow and what you can offer, so you never have to rush a decision.
- Mortgage arranged immediately: once your offer is accepted, we start the mortgage application straight away.
- Pay at the notary: the costs of the bid insurance are settled on the day you receive your keys.
How it works in 4 steps
- Financial check
Together we map out your financial situation: income, savings and any existing debts. This gives you a clear picture of your borrowing capacity and whether you qualify for bid insurance. - Request bid insurance
Ready to make an offer? We arrange the bid insurance application for you. This demonstrates that you can obtain the mortgage and allows you to bid with more strength. The application takes a maximum of two working days, or within 24 hours with our express service (€ 100,-). Each bid also requires a mandatory valuation report (€ 45,-). Processing speed depends in part on how quickly you provide the required documents. - Place your offer
You bid in consultation with us, so your offer is realistic and fits your budget. The bid insurance covers the offer, and you carry no risk. - Arrange your mortgage
Once your offer is accepted, we immediately start the mortgage application. We compare all lenders and choose the mortgage that suits you best.
What does bid insurance cost?
Requesting bid insurance is free of charge. You only pay once your offer has been accepted. The costs are settled at the notary on the day of transfer, exactly when you receive the keys to your new home.
| Mortgage value | Bank guarantee | Bid insurance | Total |
| up to € 400,000 | € 300,- | € 595,- | € 895,- |
| up to € 500,000 | € 300,- | € 695,- | € 995,- |
| up to € 600,000 | € 400,- | € 795,- | € 1,195,- |
| from € 600,000 | € 400,- | € 895,- | € 1,295,- |
If your offer is not accepted, you pay nothing. If the financing falls through after your offer has been accepted, the insurance covers the penalty and you only pay the cost of the insurance itself.
Do you qualify for bid insurance?
Not everyone automatically qualifies. That may sound strict, but it works in your favour: we carry out a thorough financial check in advance, so you only bid on a home you can genuinely afford. That gives you financial peace of mind, now and in the future.
You will need at least the following documents:
- Recent pay slips or annual income statement and employer's declaration
- Overview from mijnpensioenoverzicht.nl
- Overview of any loans, student debt and savings
- Details of the property you want to bid on
Not sure whether you qualify? Plan a free introduction. We look at your situation together and are honest about what is possible.
Frequently asked questions about bid insurance
What is the difference between bid insurance and a financing contingency?
A financing contingency is a clause in your purchase agreement that allows you to withdraw from the purchase free of charge if the bank rejects your mortgage. The downside: sellers find this uncertain and often prefer buyers who bid without it. With bid insurance, you bid without the contingency, but the insurance covers the risk if the financing does not work out. You bid stronger, without personal financial risk.
Can I get bid insurance anywhere?
No. There are currently only a few parties in the Netherlands authorised to offer bid insurance. Libero Financieel is one of them. You can only take out this insurance through a qualified adviser who has bid insurance in their service offering.
What happens if my offer is accepted but the mortgage falls through?
The bid insurance pays the penalty to the seller. That penalty is standardly 10% of the purchase price. On a home worth € 400,000, that is € 40,000. You do not have to pay this yourself. You only pay the cost of the bid insurance itself. The insurance covers a maximum compensation of € 75,000.
How quickly can I get bid insurance?
Submit your request on a working day before 12:00, with all required documents, and you will have your answer the same day. Need urgent assistance? Contact us directly on 088-4303037.
Can I use bid insurance together with a purchasing agent?
Yes. Libero Financieel works closely with Libero Aankoop, our purchasing agent service. Our purchasing agent and mortgage adviser coordinate directly on your budget and offer. This allows you to act quickly and benefit from both services at once. We call this our complete purchase guidance.
Do I pay for bid insurance if my offer is not accepted?
No. Requesting bid insurance is free. You only pay once your offer has been accepted, and then at the notary on the day of the key handover. If your offer is not accepted, there are no costs.
Ready to bid with confidence?
Financial peace of mind starts with an honest conversation. We look at your situation together, explain whether you qualify and take care of the rest. Online or at our office in Enschede.