Anyone.com, the Dutch startup co-founded by Reza Sardeha, formerly of Dan.com, has rolled out Anyone Mortgage, its first product.
Tested in The Netherlands, the mortgage product is aimed at young people willing to give 49% or more of their financed mortgage to the bank. As the mortgage provider is co-owner of the house, it will receive the same percentage of the home’s equity in a future sale.
Simple enough?
The product is not strange in the US where any full owner of a home can lease it for interest to a new owner, if they cannot provide bank financing.
The difference is that the Anyone Mortgage product is backed by established financial institutions, versus cash-laden home owners. The company is looking to roll out the product in Germany, the UK, Spain, and eventually the US.
Here’s a link to the Anyone.com’s product.
Incidentally, someone registered the domain name AnyoneMortgage.com today. It looks like a defensive registration by the company.
You can also peruse job openings at Anyone.com.