No proof of mortgage price-fixing scheme

30th May 2011, Comments 0 comments

The Dutch competition watchdog NMa has found no proof for allegations that consumers are paying too much for their mortgages because of a price-fixing scheme between banks and insurance companies. However, the NMa did say that the limited number of players makes the Dutch mortgage market susceptible to such schemes.

hese are the conclusions of an NMa study into the historically high margins on mortgages in the Netherlands after the credit crisis. Earlier this year, these margins – the surcharge paid to the bank for the financing – were back at the level of before the crisis.

The number of providers has since increased. Foreign banks have been able to increase their share of the Dutch mortgage market and insurance companies have shifted their attention to the mortgage market.

© Radio Netherlands Worldwide

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