Security is a form of guarantee for the repayment of a housing loan to the bank. In general, the standard security value is enough to secure 75% of the value of the home.

You may need further security for the rest of your loan:

  • For the remaining part (maximum 20%) of a housing loan you can buy Nordea Own Gurantee. For the remaining 5% you need your own savings or other security.
  • You can take out a partial state guarantee for a maximum of 10% of the housing loan, so besides that you need other security or own funds.
  • The price of an OwnGuarantee and partial state guarantee depends on the amount of the guarantee. When you use your own funds to finance a home, the required additional security is smaller and the expense is lower. 
  • Real estate, flats, securities and other liquid assets can serve as additional security. In some cases a personal guarantee is possible.
  • A free state guarantee is included in an ASP interest-subsidised loan up to 90%, i.e. once you have saved 10% of the price of the home, you will need no other security.

In cases where the bank cannot make a security appraisal of the home, the bank will agree with the customer on a separate appraisal and charge the cost for it from customer.


Most common fees on securityPrices
Acquiring a document required for credit documents (e.g. certificate of insurance, certificate from the property management company), in addition to the fee charged by the issuer of the certificate
15,00 €
Certificate of mortgages and encumbrances from the Land Information System20,00 €
Certificate of pledge (RS-5, certificate given to the pledge holder) incl. VAT 24 %50,00 €
Change of security *)200,00 €
Secondary pledge agreement100,00 €
Mailing the security of a repaid credit to another bank20,00 €
Safe custody for the seller and buyer of certificates of shares in a housing company and mortgage bonds given as security, and supervision of fulfillment of a contractual term concerning the deposit or pledge of the shares, minimum
50,00 €
Fee charged for monitoring the trading in a securities portfolio pledged as collateral, per trade transaction incl. VAT 24 %40,00 €
Fee charged for the delivery of share certificates serving as security for a loan to another bank for making notes (fee covers labour costs and liability for loss), per delivery, incl. VAT 24 %50,00 €

*) A change of guarantor is also considered a change of security

Legal assignments related to security