Interhyp & FinanceScout24 begin co-operation for even more attractive residential mortgages

Wednesday, 26. July 2006 15:34

(Munich, 25 July 2006). Two prominent players and Internet pioneers
in the field of private finance will be working together from 1
August 2006. The goal is to broker, independently and objectively,
the most favourable residential mortgage solutions for even more
property buyers and refinancing customers.

Interhyp AG, Germany's leading independent provider of private
residential mortgages, will deliver the complete residential mortgage
package on behalf of FinanceScout 24 AG via its subsidiary, Prohyp,
from August. Thus the users of as well as the
external sales consultants and brokerage partners of FinanceScout24
will be able to draw on Interhyp's consulting expertise, range of
products and interest rate offers.

FinanceScout24 AG is a member of the Scout24 Group and as such part
of the Deutsche Telekom Group, and operates one of the largest German
online portals in the fields of insurance, pensions, consumer loans,
investment products and private residential mortgages, achieving
around 5 million Internet page impressions per month. This
partnership further increases Interhyp's market outreach.

The new partnership brings a range of clear advantages to residential
mortgage customers: Both companies guarantee an objective,
independent choice from among a wide number of different providers.
Thus customers receive the lowest priced solution which is best
suited to their individual needs. In doing so, Interhyp draws on the
offers from a variety of banks. On average, Interhyp's rates are 0.5
percentage points lower than those of the traditional high street

"In order to offer our customers the best possible quality, we
decided to cooperate with the leading German mortgage broker", states
Horst Kesselkaul, CEO of FinanceScout 24 AG, explaining the
cooperation with Interhyp. "As a result, under the FinanceScout
umbrella, customers get independent advice, residential mortgage
rates from more than 40 banks and the best possible terms and
conditions. For us as a portal for all types of financial services,
residential mortgages are becoming increasingly more significant in
terms of winning and retaining customers." Thus FinanceScout24
combines the advantages of an even more attractive offering in the
field of residential mortgages whilst reducing its own costs.

Robert Haselsteiner, founder and Co-CEO of Interhyp AG, which
brokered total mortgage volume of more than 3 billion euros in the
past year, adds: "The broker model for residential mortgages is far
superior to traditional sales models. We are pleased that we can now
offer these advantages directly to the customers and brokers of
FinanceScout24 in their own familiar environment."

About FinanceScout 24 AG:
FinanceScout24 AG operates one of the largest German financial
portals on the Internet providing personal advice and offering its
users free-of-charge comparison and closure of insurances, pensions,
residential mortgages, instalment credits and investment products.
After receiving preliminary individual information, customers decide
to use either the direct online connection or request personal
financial advice from locally based competent experts. The CEO of
FinanceScout24 AG is Horst Kesselkaul.
FinanceScout24 is part of the Scout24 Group, whose services are used
by around 6 million people per month. Scout24 facilitates to its
customers the finding and provision of products, services and
contacts and in doing so saves them time and money. In addition to
FinanceScout24, AutoScout24, ElectronicScout24, FriendScout24,
ImmobilienScout24, JobScout24 and Travel-Scout24 belong to the
Scout24 Group. Scout24 is part of the T-Online Group.

About Interhyp AG:
With €3 billion in new residential mortgage volume in 2005, Interhyp
is Germany's leading independent residential mortgage broker.
Interhyp combines the power of the Internet with high quality
mortgage advice and the cost benefits of a direct distribution model
to provide borrowers with rates which are on average 0.5% below those
of traditional branch-based retail banks.
Interhyp AG shares are listed at Frankfurt Stock Exchange (SDAX) with
the code IYP and the ISIN: DE 00005121701.

Press contact:
Christian Kraus, SVP Corporate Communications
Telephone +49 89 20 30 7 13 01

--- End of Message ---
WKN: 512170; ISIN: DE0005121701; Index: CDAX, CLASSIC All Share,
Prime All Share;
Listed: Prime Standard in Frankfurter Wertpapierbörse, Amtlicher
Markt in Frankfurter Wertpapierbörse;
Related Links: Interhyp AG
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.