ABN AMRO mortgage

About ABN AMRO

The history of ABN AMRO goes back to 1824 when William I of the Netherlands founded the Nederlandsche Handelmaatschappij (NHM).

This trading company merged with the Twentsche Bank in 1964 to form the Algemeen Bank Nederland (ABN). In 1964, the Amsterdamsche Bank and Rotterdamsche Bank merged to form the AMRO Bank.

In 1991, ABN merged with AMRO Bank, creating ABN AMRO. Since 2008, ABN AMRO Bank has been owned by the Dutch state, which therefore owns the bank.

ABN AMRO not only offers mortgages, but of course also banking and insurance products. ABN AMRO’s biggest competitors are ING and Rabobank.

What are the funding sources for ABN AMRO?

ABN AMRO lends money from savers in the form of mortgages. That is why the bank likes to lend money with a relatively short fixed interest period of 5 to 10 years.

Mortgage interest from ABN AMRO

Is ABN AMRO reliable?

ABN AMRO is one of the best-known Dutch banks. The bank has approximately 20,000 employees and is active worldwide.

In 2008, the bank was taken over by the Dutch government, after ABN AMRO got into trouble during the credit crisis. Until 2015, the Dutch state owned all shares. That year, the first shares were traded on the stock exchange again.

Since 2023, the government no longer has a majority stake in the bank. It remains the bank’s largest shareholder.

What is my experience with ABN AMRO?

ABN AMRO employs many experienced employees, so they can contribute ideas. ABN AMRO has a broad acceptance policy and therefore has a solution for many situations.

ABN AMRO itself assesses the income of a self-employed person. This allows them to really think along with a mortgage application for an entrepreneur, because they assess the entrepreneur’s documents themselves. This makes the application process easier. And you do not have to incur additional costs for an Income Statement via an external calculation expert.

The bank also has a so-called “target group policy” for, for example, doctors in training, pilots and professional football players. These often have a temporary contract with no prospect of a permanent contract. As a result, they often do not have a letter of intent stating that they have the prospect of a permanent contract.

In many cases, ABN AMRO sees these temporary incomes as fixed, making it possible to take out a mortgage.

Extensive pros and cons

The advantages and disadvantages are described in detail below:

Pros

• If you have or open a checking account, you will receive an interest discount
• If you have an energy-efficient home, you will receive an interest discount
• A free bank guarantee if you buy an existing home
• As an entrepreneur, you do not have any additional costs for determining your entrepreneurial income
• You can finance almost all types of new construction at ABN AMRO. So whether you want to build a home yourself or you want to build a home with a collective without a project developer, you can contact ABN AMRO for both options
• Fast processing of your mortgage application, in many cases within 24 hours
• You can, under certain conditions, convert your home mortgage into a rental mortgage

Cons

• You will only receive the interest discount if you have or open a checking account with ABN AMRO
• A bonus payment from your employer is included for a maximum of 25% of your gross annual salary + holiday allowance
• An interest-only mortgage may not exceed 50% of the market value of your home

We do our best to keep the conditions up to date, but mortgage providers may change their conditions. Schedule a free consultation with me so that we can discuss the most current conditions and pros and cons.