Home Builder’s pages
Are you planning to build a house or a holiday home? It is extremely important to calculate your financing and the costs carefully in advance.
Things to consider:
- How much does each stage of construction cost?
- What is your timetable for the project?
- When do you need to draw down a loan?
- Are your own savings enough to get started?
- When will the funds from selling your current home be at your disposal?
Bear in mind that the collateral value of the house increases gradually as the building progresses. When drawing down credit, a home builder must always deliver a certificate on the degree of completeness (xls, 26 KB) (in Finnish) provided by the builder in charge, based on which the security value of the project will be determined. The certificate on the degree of completeness prepared by Raksystems has been used as a model for our certificate.
You should contact the public works department in your city or municipality in matters related to building permits.
Together with Raksystems, we have compiled information that will facilitate carrying out your own building project in our new service for home builders, www.kotionline.fi/nordea (in Finnish). In addition to extensive information, the service also features a cost calculator which helps you to calculate the overall cost of your future project.
Advice on housing
With the right interest hedging products, you can protect your finances even when market interest rates change drastically.
FlexiPayment gives you leeway for your monthly loan repayment. Another alternative is to extend your instalment-free period. See which one suits you better.