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Sweden » Mortgages
Keep in mind that for many countries, there is often more than one deal available and this page merely represents an overview of the typical requirements.
Swedish mortgage providers’ loan up to 75% of a property’s value. Usually there are fixed rate option periods for repayment. The payment can be over a period of approximately 20-25 years. The payment terms are very flexible. Mortgage interest rates in Sweden are relatively low, at around 2% - 2.5% The Swedish mortgage industry is a well-organized one. It is highly regulated so there are no hassles involved making it easier for the foreign investors to benefit from it as they know what they are going for. It should be noted that when you take a mortgage in Sweden, make sure if the 2 percent of the value of mortgage to register the deed has to be paid or not. It must be checked as this option is dependent on the type and location of the property or the value of the mortgage. Your real estate agent can have it checked if this additional cost is liable on you. 
As far as the interest rates are concerned, interest rates in Sweden
are lower than UK making them more favourable in comparison. However
before taking a mortgage the exchange rate must be considered as that
can make a difference.
When you apply for Swedish mortgage another thing to bear in mind is that the mortgage providers in Sweden very rarely take into account the potential rental income from the property that you are buying. A Swedish mortgage is given on the basis of your income hence it is important that all the necessary documents providing evidence of it must be given. These would include 3months of pay slips, personal banking statements for a period of 6 months. Employer’s reference can be beneficial as well although it is not a requirement and if you are self-employed then you can provide the latest audited accounts. |
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Guide to the mortgages in Sweden: