OLB expands mortgage financing for residential real estate to the Netherlands
- Oldenburg | 27. Juni 2022
Summary
- First market appearance as partner for private mortgage financing abroad
- Partnership with Dutch lender platform Tulp
June 27, 2022 – Oldenburgische Landesbank AG (OLB) is offering its mortgage financing for residential real estate outside Germany for the first time. On the independent lending platform Tulp Hypotheken, OLB will act as a financing partner for mortgage loans for private customers in the Netherlands. To that effect, OLB and Tulp recently signed a cooperation agreement in Oldenburg.
With this partnership, OLB is continuing its growth course. "In the future, we will also offer our successful private mortgage financing business in the Dutch market. We are pleased to have gained an experienced and established partner in Tulp to expand our presence in the Netherlands," says Aytac Aydin, Member of the Board of Management for Private & Business Customers at OLB. With new sales channels such as Tulp's platform, OLB is expanding its activities not only nationwide, but also abroad. OLB is already active in commercial real estate financing in the Netherlands.
In its partnership with Tulp, OLB acts as a legal lender. Tulp is using the cooperation primarily to expand its position in so-called NHG mortgages, which are state-guaranteed and are gaining in importance in the Dutch market. As is common in the Netherlands, the loans are sold primarily through independent financial advisors, to whom OLB offers itself as a financing partner through Tulp's platform. Paul Wessels, co-founder and CCO of Tulp, says: "Tulp is delighted to be working with OLB as an established German lender in the Dutch market. The partnership will allow us to further expand our positioning as a successful lending platform."
Founded in 2015, Tulp provides services across the spectrum of mortgage lending and funding management. Since 2018, the company has been active in the Netherlands under the consumer brand Tulp Mortgages with a mortgage lending platform. The mortgages are extended to Dutch private customers and to private customers residing in the Netherlands. The offering is very well positioned in the Dutch market also due to fast and secure processes.
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