Buyer’s check list

When you buy a flat, you actually purchase shares in a housing company that give you the right of possession to the flat. When you buy a house, you usually purchase a piece of real estate.

Before buying a flat, find out the following information: 

  • the precise square area and number of rooms
  • the selling price, or the price free from housing company debt if it differs from the selling price
  • the portion of housing company debt encumbering the shares and the possibility to pay the debt to the company
  • the date the flat becomes vacant, or estimated completion date of building
  • limitations on use or the transfer of shares, and the possible redemption right of the company or shareholders
  • confirmed modernisations and renovations and their estimated realisation dates
  • living costs, such as maintenance charges, water charges and parking space and sauna fees
  • does the housing company own any flats or business premises, which usually lower the maintenance charge payable by the shareholders
  • is the housing company situated on a leased lot; the expiry date of the lease
  • unpaid maintenance charges and other fees, if any
  • the housing company’s financial position
  • the property management company's certificate, the latest confirmed financial statements, budget and articles of association
  • the zoning situation in the district 

When you are buying a piece of real estate

  • find out if you are purchasing a property, a parcel of land or a building on leased land
  • request a recent certificate of registration of title and extracts from the mortgage register and the land register
  • check the zoning plans in the district and future building plans in the neighbourhood (from the survey department of the city or municipality)
  • inspect the buildings carefully (if needed, use an expert) and find out if a condition inspection has been made
  • check the rights and easements concerning the property; e.g. does the property have a right to waters or is it encumbered with a road leading to a neighbouring property
  • check the borders of the lot
  • find out how water management and sewage disposal have been arranged
  • find out about completed renovations and the living costs
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.

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.

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.

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.

Advice on housing

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.