Mortgage portfolio: €2.7 billion in prepayments in 2014
In 2014, customers of ABN AMRO prepaid an additional €2.7 billion on their mortgages, a figure that is up by 18% from 2013 and by 56% from 2012.
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Selling your home? ABN AMRO will help generate publicity
ABN AMRO is going to help customers wanting to sell their homes by generating publicity. The bank will go about this on a large scale: for example, the homes will be displayed on mega billboards along motorways, advertised on the radio and featured in Facebook advertisements. ABN AMRO will pay all the costs and will facilitate the entire advertising process.
Prepayment without charge: facility to remain in place for customers with underwater mortgages
Customers of ABN AMRO have until 1 January 2016 to make prepayments on their mortgages without incurring charges. Prepayment under this facility is possible up to a maximum of the latest valuation of their homes for tax purposes (WOZ-waarde).
ABN AMRO: 25% increase in mortgage lending in Q2
ABN AMRO is seeing a further recovery on the housing market. The number of mortgage loans advanced showed a 23% increase in the second quarter of 2014 compared with the same period last year. In total, the bank advanced mortgage loans to an amount of EUR 1.92 billion in the second quarter of this year, compared with EUR 1.56 billion in the same period in 2013.
ABN AMRO economists foresee surge in house sales
House sales should be up by 25% this year compared to 2013, says ABN AMRO’s Group Economics department in the Housing Market Monitor the bank published today.
ABN AMRO well-equipped to handle increase in mortgage applications
Dutch daily Algemeen Dagblad today published an article claiming that banks are slow in granting mortgage loans due to staffing cutbacks and stricter regulations.
ABN AMRO: Homeowners pleased with ownership
The majority of homeowners (83%) would opt for home ownership again if they were to move house now. Only 27% of renters, on the other hand, are looking to buy a home, and more than half (55%) would continue to rent if they were to move now. These are the results of ABN AMRO’s first Woonkamer Monitor survey.*
Underwater mortgage? ABN AMRO offers penalty-free redemption
Since 1 November 2013, ABN AMRO has been offering mortgage customers who owe more than their house is worth the option of paying down the underwater portion of their loan penalty-free. Unlike other banks, ABN AMRO offers all its customers with underwater mortgages this relaxed redemption regime, not just those who have received a tax-exempt gift of money to pay down the mortgage. This way, ABN AMRO can help more customers, including those who want to use their own savings to limit their risk of being left with negative equity.
Parents increasingly helping children out financially
Parents are increasingly coming to their children’s financial aid, says Nibud, the Dutch National Institute for Family Finance Information. Nibud bases this conclusion on its recent survey on financial relationships between parents and their adult children, commissioned by ABN AMRO. The economic crisis has in no way reduced parent-to-child money transfers. In most cases, amounts are given not on a regular basis, but when the need arises.