Retail Markets
Residential Mortgages
A main focus for NIBC Germany is providing mortgage products to the residential lending market. We market and originate residential mortgages through our distribution partners including insurance companies, high street mortgage brokers and independent intermediaries.
As NIBC is not a consumer brand, we do not actively market our brand name to consumer mortgage borrowers. We do, however, serve as lender and are responsible for all terms and conditions of the individual mortgages, including underwriting criteria and interest rates. We employ a risk-based pricing strategy and offer competitive products in all Loan-To-Value (LTV) segments, with a particular focus on higher LTV products. We outsource the administration and servicing of mortgages, including borrower payment processing, to third-party service providers.
Retail Savings
In February 2009, NIBC launched NIBC Direct in Germany, a complete range of online retail savings products. For more information, please visit www.nibcdirect.de or call 01802 NIBCDIRECT or 01802 642234 (EUR 0.06 per call for calls from a Deutsche Telekom land line; mobile phone networks may differ).