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Buy-to-let home loans include FlexiPayment

Adjust your monthly payment in Nordea Mobile and Netbank.

Benefit from loyalty discounts

Enjoy the benefits of a home loan customer or Premium Customer.

Deduct the loan interest in taxation

Report the loan in your tax return as a loan for the production of income.

The most flexible buy-to-let home loan on the market

Our buy-to-let home loans are just as flexible as our regular home loans, including the unique FlexiPayment feature. You can use this feature to decrease or increase individual monthly payments free of charge and without having to ask us first.

With FlexiPayment, you can also consider a new approach to saving, as you can decide to save monthly into funds, for example, while you repay your loan.

You can apply for a buy-to-let home loan by filling in a home loan application in Nordea Mobile or Netbank, and negotiate with us on the loan either online or in branch.

Buying an investment property is similar to buying a home: Once you’ve notified us that you’ve found the right property, we’ll call you on the next banking day at the latest. You can also apply for a buy-to-let home loan if you’re planning to buy and rent out a house or a holiday home.

The property you buy will be pledged as collateral for the buy-to-let home loan just like a home would be pledged as collateral for a regular home loan. The amount of savings you need and the loan cap are also the same as in regular home loans.

Some features of buy-to-let home loans are different from regular home loans

  • The maximum loan period is 25 years in buy-to-let home loans compared to 30 years in regular home loans. 
  • A state guarantee or OwnGuarantee is not accepted as collateral for buy-to-let home loans.
  • You can deduct the interest on your buy-to-let home loan in taxation from your capital income. In the context of taxation, a buy-to-let home loan is called a loan for the production of income.

Read the instructions on tax deductions applicable to buy-to-let home loans at vero.fi

Customers with a buy-to-let home loan are entitled to loyalty discounts

You will get valuable perks if you take out a buy-to-let home loan from us and choose us for all your main banking needs. This means using our digital banking services for your daily banking. 

When you have an account and a card from us and use Nordea Mobile, you get them all free of charge. 

Other perks include a lower FlexiCredit margin and a quick access to discuss loans with Nordea Customer Service when you call from Nordea Mobile. 

Discover the benefits we offer: 

Converting your existing home loan into a buy-to-let home loan

When you’re planning to change homes, consider if you should keep your old home and start renting it out. We can look into converting your home loan into a buy-to-let home loan. 

It’s also possible to convert an ASP loan into a buy-to-let home loan, but interest subsidy and state guarantee will then be removed from the loan.

How to move from loan application to closing the transaction

Loan costs
Terms and conditions

Interest and fees on a buy-to-let home loan

The interest rate on a buy-to-let home loan consists of the margin and the reference rate, such as the 12-month or 3-month Euribor.

The loan margin is determined for each customer individually in the loan negotiations. A buy-to-let home loan often also includes other smaller expenses, including drawdown fees or repayment fees. The total of all these costs is expressed through the annual percentage rate of charge (APR). 

Read more about Euribor rates and other reference rates

Example of a home loan and the APR

Example calculation: You take out a loan of 151,000 euros. The loan period is 23 years and the interest rate is 3.25% (October 2024). The APR is 3.4%, including an opening fee of 600 euros and a monthly fee of 2.50 euros for the automatic debiting of loan payments. The number of payments is 276. The total amount of the loan and loan costs is 216,956 euros. The monthly payment (annuity) is 781 euros. 

The amount of the loan, the loan period and the interest are a representative example for the home loans offered by Nordea. Please note that the example calculation above is indicative and does not necessarily correspond to the actual APR on the loan that you will be granted. You can check the fees and prices of our home loans from our tariff below. 

Read more about home loan interest

Buy-to-let home loans are subject to the same costs as regular home loans

Common fees on home loans

ItemPrice

Arrangement fee*

0,4% but at least 300 €
Increased arrangement fee for a loan with a third-party pledge or guarantee
The increase is not applied to interest-subsidised ASP loans		100,00 €
Partial drawdown30,00 €
Automatic debiting of repayments of loans drawn down before 1 February 2021, per debit2,30 €
Automatic debiting of repayments of loans drawn down after 31 January 2021, per debit
2,50 €

Adding FlexiPayment to a home loan in Nordea Mobile or Netbank
(Adding FlexiPayment to an existing home loan always requires automatic debiting of loan payments, which is subject to a fee set in our tariff)

0,00 €

Adding FlexiPayment to a new home loan by an employee at a branch or by phone/with a message through Nordea Customer Service

0,00 €
Adding FlexiPayment to an existing home loan by an employee at a branch or by phone/with a message through Nordea Customer Service
(Adding FlexiPayment to an existing home loan always requires automatic debiting of loan payments, which is subject to a fee set in our tariff)
250,00 €
Advance notice of loan debiting by letter or through Netbank0,00 €
Loan payment, paper invoice4,10 €
Payment reminder to the borrower, guarantor or third-party pledger (per reminder)5,00 €
Change to repayment schedule in Nordea Mobile or Netbank150,00 € 
Change to repayment schedule by an employee at a branch or by phone/with a message through Nordea Customer Service250,00 €
Change to due date or loan servicing account in Nordea Mobile or Netbank (minor change to repayment schedule)
0,00 €
Change to due date or loan servicing account at a branch or by phone/with a message through Nordea Customer Service (minor change to repayment schedule)
50,00 €
Change of borrower or a situation where one of the borrowers assumes liability for the loan alone. **200,00 €
Change to interest rate in Nordea Mobile or Netbank250,00 €
Change to interest rate by an employee at a branch or by phone/with a message through Nordea Customer Service300,00 €
Change to the margin by an employee at a branch or by phone/with a message through Nordea Customer Service250,00 €
Obtaining a guarantor’s or pledge owner’s consent to change the loan terms and conditions, such as the repayment schedule or reference rate35,00 €
Transfer of a loan to another bank upon the customer’s request. Charged to the receiving bank. **150,00 €
Sending of a loan document and collateral to another bank. Does not apply to loans intermediated from government funds.50,00 €
Certificate requested by the customer stating the amount of debt and paid interest10,00 €
Sending of a share certificate to the customer at the customer’s request after it has been digitised 50,00 €
Transaction closing with no loan taken or at the seller’s bank (incl. VAT  25.5%)300,00 €
Transaction closing in branch with a loan taken (incl. VAT  25.5%)150,00 €
Handling fee for digital closing (incl. VAT  25.5%)70,00 €

Charges related to unsecured home loans drawn down after 1 September 2019

ItemPrice
Payment reminder to the borrower, guarantor or third-party pledger (per reminder)5,00 €
Transfer of a loan to another bank upon the customer’s request. Charged to the receiving bank. **150,00 €
Certificate requested by the customer stating the amount of debt and paid interest10,00 €
*) An arrangement fee is charged in connection with the first drawdown and with a raise or renewal of a loan. 
**) Does not apply to loans intermediated from government funds.

Foreign currency credit

Consumers are not granted loans in any other currency than euro.

A housing loan is considered to be currency credit if the loan is granted in a foreign currency other than that of the EU Members State or the state of belonging to the European Economic Area where the consumer resides. Furthermore, a housing loan is considered to be foreign currency credit if the consumer receives his or her income in another currency of a state of the European Economic Area or in currency of a state of European Economic Area. 

A foreign exchange risk occurs when the borrower's income or assets to be used to repay the credit are not in the same currency as the credit or the credit is not in the currency of borrower's country of residence. A foreign exchange risk refers to the change in price of one currency in relation to another. During the loan period, the value of the credit or the monthly payment may increase in relation to the borrower's income or assets or the currency of the borrower's country of residence. 

If the foreign currency of the borrower's country of residence, income or assets falls by 20 per cent in relation to the euro, the borrower receives a warning that the borrower's loan amount will increase in borrower's national currency.

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Frequently asked questions about buy-to-let home loans

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