Enity operates in the Nordic mortgage market, and more specifically in the Swedish, Norwegian, and Finnish specialist mortgage markets.
The market
The specialist mortgage market includes all secured mortgage products offered by lenders other than the high-street banks. These mortgage products include first and second charge mortgages and equity release loans. The customers served are those who are willing and able to afford a mortgage but for various reasons do not obtain a mortgage from a high-street bank. Such reasons may include that they do not qualify for a loan from a high-street bank despite having orderly personal finances.
Customer segments that tailored mortgages are offered to include:
- Individuals with modern forms of employment with irregular income, for example, independent contractors and consultants, and gig-economy workers.
- Individuals with a high level of unsecured debt in need of debt consolidation, seeking to lower their interest payments by consolidating several loans into one mortgage.
- Individuals with orderly personal finances but with credit remarks with a generally orderly and sound personal finance profile but who have one or more credit remarks.
- Individuals with limited or no credit history, for example, students, recent graduates, and people who are new residents in a country.
Equity release products are offered to:
- Retirees: Individuals who are 60 years old or older, whose main income is their pension, and who are seeking to unlock the value of their home with an equity release mortgage.