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Non-banks shake up Dutch mortgages

Pension funds and insurers have made a move on the Netherlands’ €660bn home loan market, bypassing traditional lenders. In 2012 no bank, it seemed, was lending money to people who wanted to buy a home.

A host of new participants decided to fill this gap and bypass the banks and encourage other kinds of investors — pension funds and insurance companies — to enter the residential mortgage business. These new participants now have around 20 per cent of the annual market for new mortgage lending, up from almost nothing a few years ago.

Read the entire article in the Financial Times or read the interview with Jeroen van Hessen on this website.