Finding your new home

Read our guide for first-time home buyers - Step 2

Towards the home of your dreams

Buying a home is for most of us the most important investment of our lives, and so it makes sense to put in special effort to find a home that truly suits you. Make a list of all the things you want in a home. Are you looking for something new or old, large or small, a place located in the city centre or in a more quiet neighbourhood? Consider whether to buy a right-of-occupancy home, a flat or a single-family house. 

Location is also important when your consider how well the home will hold its value. Even though buying a home involves a lot of feelings, remember to keep a cool head. A nice brochure or a stylishly furnished apartment do not guarantee that a place is a good investment. Do more than scratch the surface, read our tips for home buyers.

Get a loan promise in advance

Before you start looking for your first home, come to Nordea and discuss your housing dreams. We will calculate a suitable a housing loan for you, which will also leave room for the unexpected things in life. You can also apply for a housing loan in Netbank or on our website and get a preliminary housing loan proposal. If you apply for a loan promise beforehand, it gives you an idea of the price range that is available to you.

Right-of-occupancy as an alternative

If you do not have enough savings or other possibilities to buy a home, you can consider a right-of-occupancy home as an alternative. Right-of-occupancy is an intermediate form between owning and renting. You will pay about 15% of the home's purchase price as a right-of-occupancy payment and a monthly charge for use, which is usually lower than the general rental level. You can renovate the home as you like and you do not have to fear that a landlord will sell your home.

Do you want to buy a single-family house?

Buying a single-family house is in many respects different from buying a share in housing company. As a property owner, you alone are liable for the condition of the house and for the repairs. Check the house carefully before you submit an offer. If you are buying a single-family house, we have one key piece of advice: use the help of an expert in both the condition survey as well as in concluding the transaction.

Familie leker i stue

What type of a housing loan is best for you?

Ask us about buying your first home

Nordea Customer Service provides you with information and advice on banking matters. When you call us, it is a good idea to identify yourself with your access codes for faster service.

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Go through the steps of the buyer's guide