In a significant development on March 5, 2024, NIBC, a versatile bank catering to both corporate entities and individuals, has unveiled an innovative mortgage product specifically crafted for professionals in critical sectors. Termed the “mortgage for heroes,” this offering is an extension of the existing NIBC (Extra) Mortgage, with a focus on meeting the unique requirements of individuals employed in essential fields such as the police, fire brigade, healthcare, armed forces, and education.

NIBC acknowledges the formidable challenges faced by these dedicated professionals, encompassing issues such as irregular working hours, overtime commitments, and the possibility of holding second jobs. In response, the bank is introducing a mortgage solution aimed at providing flexibility and support tailored to the distinctive needs of these vital sector workers.

A core aspect of the “mortgage for heroes” is its ability to factor in various income components, including overtime, irregular hours allowance, and second jobs, with a remarkable allowance of up to 100% inclusion in income calculations. This approach is designed to address the intricacies of income structures prevalent in the vital sector.

Moreover, the mortgage exhibits adaptability to the multifaceted situations encountered by workers in these crucial sectors. It considers variables such as fluctuating income, temporary contracts, engagement in multiple jobs, and the dynamic nature of work locations, ensuring a holistic solution to the challenges inherent in vital sector professions.

Richard Leijnse, the Managing Director of Mortgages and Savings at NIBC, expressed the bank’s unwavering commitment to supporting these essential professionals. Leijnse highlighted the indispensable role played by these heroes in society and emphasized that NIBC’s tailored mortgage process offers them a unique opportunity to realize their housing aspirations.