3 ms·
In NL, some banks issued mortgages with interest percentages linked to Euribor interest rates (like +0.5% on 3-month Euribor rate). Once the Euribor dropped bel
by jschulenklopper 6y ago
In NL, some banks issued mortgages with interest percentages linked to Euribor interest rates (like +0.5% on 3-month Euribor rate). Once the Euribor dropped below -0.5%, the banks actually had to pay out the interest difference (if there weren’t other bank charges added)... Some people, but likely to be just hundreds of customers, not much more, actually have a mortgage (with ING and Rabobank) for which they receive money at this moment.
The same mortgage product cannot be bought anymore...