Oosterhout, January 25, 2022 – Bidding without the condition of subject to funding is increasingly happening in this overheated housing market, which can cause major financial risks. Potential buyers try to get hold of their dream home by significantly overbidding and omitting the condition of subject to funding. Often without knowing for sure whether they will be able to get the mortgage. With ‘Bid with Certainty’, the customer can now bid safely and responsibly.

Financial setup before making a bid

By bringing the inventory of the feasibility and affordability of the mortgage forward in the process and because an accurate valuation of the property is made, the customer knows in advance how much he can responsibly bid on the home. Irresponsible bidding is prevented by explicitly stating the amount up to which BNP Paribas Cardif guarantees. Has the offer been accepted? Then the (bank) guarantee is provided within a few days after the purchase contract has been signed. Couldn’t the customer get a mortgage? In that case, BNP Paribas Cardif will reimburse the guaranteed amount.

Collaboration between De Hypotheker and BNP Paribas Cardif

After Bidding with Certainty has first been tested, the product is now available nationwide at all De Hypotheker branches. De Hypotheker provides independent financial advice and BNP Paribas Cardif provides the insurance and the (bank) guarantee. In addition, partners Hera Life and Woongarant play an important role in the application process.

Marieke van Zuien, Commercial Director BNP Paribas Cardif in Belgium and the Netherlands about Bidding with Certainty: “We want to help consumers make a better offer and thus realize their housing wish. For us, it was paramount that this is done in a safe and responsible way. By explicitly stating the amount up to which we guarantee, we prevent consumers from making irresponsible bids. This reduces the risks in the housing market. Our unique business model is anchored in partnerships. Co-creating with partners is in our DNA. This collaboration with De Hypotheker is therefore an excellent fit for us as a partnership insurer.”

Menno Luiten, Commercial Director De Hypotheker: “We are very pleased that together with our business partner BNP Paribas Cardif we can immediately respond to the changing needs of our customers in the current overcrowded housing market. Bidding with Certainty covers the financial risk of bidding without the condition of subject to funding. This makes Bidding with Certainty a unique offer in the mortgage market where the customer has a better chance of acquiring his dream home, without an increase in financial risk”.

Contact BNP Paribas Cardif

For more information and interview requests, you can contact: BNP Paribas Cardif / Lara Basting, Telefoonnummer: (0162) 486 157 or 06 12 14 96 84, e-mail: lara.basting@bnpparibascardif.com Website: www.bnpparibascardif.nl

About BNP Paribas Cardif

The world leader in bancassurance partnerships1 and creditor insurance2, BNP Paribas Cardif plays an essential role in the lives of its customers, providing them with savings and protection solutions that let them realize their goals while protecting themselves from unforeseen events. As a committed insurer, BNP Paribas Cardif works to have a positive impact on society and to make insurance more accessible. In a world that has been deeply transformed by the emergence of new uses and lifestyles, the company, a subsidiary of BNP Paribas, has a unique business model anchored in partnerships. It co-creates solutions with more than 500 partner distributors in a variety of sectors (including banks and financial institutions, automotive sector companies, retailers, telecommunications companies, energy companies among others), as well as financial advisors and brokers who market the products to their customers. With a presence in 33 countries and strong positions in three regions – Europe, Asia and Latin America – BNP Paribas Cardif is a global specialist in personal insurance and a major contributor to financing for the real economy. With nearly 8,000 employees worldwide, BNP Paribas Cardif had gross written premiums of €24.8 billion in 2020.

1 Source: Finaccord – 2018
2 Source: Finaccord – 2020

Contact De Hypotheker

For more information you can contact Carina Kloet, Communicatie adviseur De Hypotheker, phone: 010-2428922, e-mail: carina.kloet@hypotheker.nl

About De Hypotheker

De Hypotheker has been the market leader in independent mortgage advice for more than 35 years. From 180 branches, De Hypotheker’s financial advisors ensure that consumers receive advice that is tailored to their personal financial situation. De Hypotheker works together with the most important banks, insurers and savings and investment institutions in the Netherlands. Via the extensive website www.hypotheker.nl, consumers have the opportunity to orientate themselves and to take out a mortgage online themselves, always with a final check from a De Hypotheker adviser, or to be completely unburdened at one of the branches.