Building loan agents have more banks to choose

So-called mortgage brokers are an indispensable part of real estate finance. About 10 years ago, such companies were virtually unrepresented in the German market, and today they play a significant role – not least because of the turnover figures.

Building loan agents

Building loan agents

Last week, broker Lender published its figures: in the first quarter of this year, real estate loans worth just under € 1.5 billion were brokered. The business principle is quite simple: The mortgage broker helps builders, real estate buyers and debtors to examine the financing market and thus to find the right lender. T

he advantage for the prospective borrower is to benefit from independent advice and at the same time to be offered particularly attractive terms.

Until about two years ago, the large building loan agents cooperated with about 60 to 100 banks

Until about two years ago, the large building loan agents cooperated with about 60 to 100 banks

The majority of these banks were direct banks, known for their particularly favorable building loan conditions. However, it is noticeable that the intermediaries are increasingly working together with regional financial institutions and expanding their cooperation in this area as well.

As Lender recently announced in a press release, it is now working with more than 250 banks.

money

This is an impressive value: as a private builder or real estate buyer, you would never be able to contact as many banks and obtain financing offers – the effort would be far too high. Accordingly, it can be assumed that the mortgage brokers will play an even more significant role in the future: faster than with their help, it is not possible to specifically screen the real estate financing market.

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