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ASR expands cooperation with bunq after 400% growth of mortgage portfolio
ASR Asset Management provides bunq with a mortgage portfolio worth 300 million euros.
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This portfolio consists of 65 percent NHG mortgages. The remaining 35 percent has no NHG coverage.
NHG is a scheme, which guarantees the mortgage on properties worth up to €310,000 against events such as death, divorce, or unemployment.
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Dutch challenger bunq is offering mortgages since July as a part of its new partnership with a third party broker.
This option enables bunq’s users to remove boundaries associated with obtaining a mortgage, thus encouraging people to become homeowners. The challenger bank is diverting around €100m of its user’s deposits into a new real estate fund.
“Our users indicated that they wanted to help others obtain a home. We listened to this and started investing in mortgages,” Bunq CEO Ali Niknam explained the collaboration.
ASR and Bunq already worked together in the form of bond portfolio management.
Bunq also claims to have experienced the fastest growth ever in the first half of this year. The bank saw user balances increase by 50 percent to 633 million euros in the measurement period.
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