Mortgage providers which are not banks or insurance companies have now captured around 10% of the Dutch market, according to research by consultancy IG&H.

Companies such as Munt Hypotheken and Elan Hypotheek are financed by investors like pension funds and use that money to provide mortgages.

IG&G says it expects the alternative providers’ share of the market to grow because the Dutch mortgage system is attractive to investors, especially from abroad.

The Dutch mortgage market grew 30% in value terms over the second quarter of this year. This is not only due to an increase in the number of mortgages but a 14% rise in their value, IG&H said.