Forms of residence

Own home, rental home, partially owned home or right-of-occupancy housing? Choose the one that best suits you.

Own home

When you want to buy yourself a home, the best financing solution is a housing loan. By getting a loan promise beforehand you can make an offer as soon as you find the right home. You can also take out a housing loan to pay your share of a housing company loan.

The housing loan interest is tax-deductible. If you are 18–39 years old when buying your first home, you are exempt from asset transfer tax.

Buying your own home and taking out a housing loan are usually part of a long-term plan. That is why you should consider potential changes in your life situation in the future. By hedging your housing loan against changes in interest rates, you can keep your finances balanced and secure your ability to repay your loan. In addition, loan cover will enable you to continue to repay your loan in unexpected circumstances. Designing your housing loan with us so as to enable you to save some of your income – for example, in funds – will give more flexibility to your finances and leave you with new capital waiting for you in the future.

Rental housing

Landlords usually demand a rental security deposit amounting to 1–3 months’ rent. The deposit will be returned to you when the tenancy ends. You can open an account for the rental security deposit at Nordea.

In addition to the rent, you must pay the electricity bill and other potential user charges. You also need to take out home insurance, which is handily available at Nordea.

If you are under 30 and plan to buy your own home, you should consider home saving in an ASP account.

Right-of-occupancy housing

Right-of-occupancy is a form of housing in which the resident pays for the right to occupy a flat or a house. In addition, the resident is charged a maintenance charge.

You get the right to occupy a flat or a house by concluding a right-of-occupancy contract with the owner. The contract can also be used as security for a loan. To get a right-of-occupancy home you only need 15% of the price of the flat or house. The interest on the loan taken out for a right-of-occupancy home is tax-deductible.

Partially owned home

A partially owned home refers to an arrangement in which you purchase a part of the shares entitling to a home and move in as a tenant. Partially owned homes are either state subsidised or privately financed. You have to pay approximately 10–30% of the price of the property.

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.