Home purchase transaction

Buying a home is one of the biggest purchases of your life. When making the purchase decision you should take many different points into account.

Purchase offer

  • Confirm your bid with a down payment. If you cancel the deal, you will, as a rule, lose the down payment. If the seller cancels, he or she will have to pay compensation. The down payment is 4% of the purchase price at the most.
  • Read the written offer carefully because you cannot withdraw from the bid without losing the down payment.

The deed of sale states

  • details of the seller and buyer (names, addresses and phone numbers)
  • name and address of the housing corporation
  • numbers and amount of the shares, flat number
  • details of the flat (building, door, flat number, number of rooms and square area)
  • price and payment terms
  • delivery date of share certificates
  • transfer dates of ownership and right of possession, and the date from which the buyer is liable for the maintenance charge
  • statement about payment of asset transfer tax

Asset transfer tax

  • The trade of housing company shares (block or row of flats) or a piece of real estate (one-family house) is subject to asset transfer tax.
  • The asset transfer tax is paid by the buyer.
  • If you are a first-time home buyer between 18 and 39 years of age, you are exempt from the tax on certain conditions. Read more at www.vero.fiOpens new window.
Housing loan products Interest rate hedging Housing loan products

Housing loan

Apply for a housing loan that suits your needs from Nordea

With Nordea's housing loan you can realise your dreams – buy a home, build a house or purchase an investment property.

Interest rate collar

Stability to reference rate changes

The interest rate collar is a new kind of interest rate hedging product with which you ensure that the reference rate on your loan stays within the agreed limits and will not exceed the agreed maximum level during the validity of the hedge.

OwnGuarantee

An OwnGuarantee helps you to acquire a home with a small start capital

With an OwnGuarantee, you need less savings for financing a new home, and you may not need any other security for your housing loan.

ASP loan (ASP account)

Save 10% of the price of a new home in an ASP account, and we will lend you the rest

You can open an ASP account if you are aged between 18 and 39.

Interest rate cap

Don't let the interest on your housing loan get out of hand

With an interest rate cap, you can make sure that the reference rate on your loan will never exceed a certain level. An interest rate cap can be taken for an old or a new loan.

HomeFlex

Large purchases with a small monthly payment

Is your home in need of refurbishing or is your housing company planning to renovate its plumbing? HomeFlex will free up your home equity so that you can realise your.

FlexiPayment

FlexiPayment can be added to a new loan as well as to existing ones

When you have FlexiPayment linked to your housing loan, you can decrease or increase the monthly instalment on your loan – or even skip the instalment for a month without notifying us.

Pay your own share of a housing company loan

Does the charge for financial costs you are paying your housing company seem too high?

If you take your share of the housing company loan in your own name, you get two advantages: you can tailor the monthly payment to suit your finances and you get a tax benefit.

Interest rate hedging

Interest rate collar

Stability to reference rate changes without a separate fee

The interest rate collar is a new kind of interest rate hedging product with which you ensure that the reference rate on your loan stays within the agreed limits and will not exceed the agreed maximum level during the validity of the hedge. You can link the interest rate collar either to a new loan or your existing loan.

Interest rate cap

Don't let the interest on your housing loan get out of hand

With an interest rate cap, you can make sure that the reference rate on your loan will never exceed the agreed maximum level. An interest rate cap can be taken for an old or a new loan.

Fixed interest rate

When your loan has a fixed interest rate,

you will know the exact amount of your monthly instalments during the fixed interest period.

Neuvoja asumisesta

Man sitting thinking by house 

Interest rate hedging makes life secure

With the right interest hedging products, you can protect your finances even when market interest rates change drastically.

Woman looking out of window 

Two alternatives

FlexiPayment gives you leeway for your monthly loan repayment. Another alternative is to extend your instalment-free period. See which one suits you better.