ZekerPlusHypotheek product of the month
The ZekerPlusHypotheek was hailed as the financial product of the month in the ‘Your Money’ section of the Zondag Telegraaf of 27 January. According to this Sunday newspaper, Delta Lloyd’s special bank savings-based mortgage was singled out on account of its excellent risk/return ratio, transparency and costs.
The ZekerPlusHypotheek is also one of the five products shortlisted for the election of the ‘Mortgage Product of 2008’ of the Institute for International Research (IRR).
Unlike a traditional endowment mortgage, the ZekerPlusHypotheek provides for the client to save in a blocked savings account at Delta Lloyd Bank NV rather than under an endowment policy. The savings on the account are used at the end of the mortgage term as a lump sum to redeem the mortgage. This mortgage product offers clients the combined advantage of low monthly outgoings and certainty that the mortgage can be repaid on the expiry date.
The ZekerPlusHypotheek is the first bank savings-based mortgage in the Dutch market and has been made possible by the new Bank Savings Act, which entered into force on 1 January.
The ZekerPlusHypotheek is also one of the five products shortlisted for the election of the ‘Mortgage Product of 2008’ of the Institute for International Research (IRR).
Unlike a traditional endowment mortgage, the ZekerPlusHypotheek provides for the client to save in a blocked savings account at Delta Lloyd Bank NV rather than under an endowment policy. The savings on the account are used at the end of the mortgage term as a lump sum to redeem the mortgage. This mortgage product offers clients the combined advantage of low monthly outgoings and certainty that the mortgage can be repaid on the expiry date.
The ZekerPlusHypotheek is the first bank savings-based mortgage in the Dutch market and has been made possible by the new Bank Savings Act, which entered into force on 1 January.
