#Mortgage / Dutch Digital Bank Bunq Enters the Mortgage Market

Bunq has become one of the first European digital banks to enter the mortgage market… this will not be a direct to consumer strategy, instead Bunq will work with brokers, although they did say they may offer mortgages directly at some point;

[Bunq] has €433m in assets primarily held in European Central Bank bonds and will be diverting around 25% of these deposits into a real estate fund; the expected annual return on Bunq’s mortgage fund is 0.7% as they opt for low-risk, low-interest mortgages…

https://news.lendit.com/2020/07/28/dutch-digital-bank-bunq-enters-the-mortgage-market/