We can assist you in arranging your non-resident mortgage in Sweden.

The country of Sweden is often described in terms of contrasts: innovative modernity and historical tradition, high technology and magnificent natural settings, rationality and beauty, land and water.

Turnover in the Swedish property market alone exceeded the total for the six other Scandinavian and Baltic countries combined. (ISA (Invest in Sweden Agency) publication Nov 2006)

It is usual for a Real Estate Agent to be used for buying and selling of property in Sweden. They will handle the necessary paperwork and communicate buying and selling prices with all parties involved.

It is not contractual to have your property valued but fairly common for buyers to hire independent surveyors. When you have satisfied any questions in respect of your purchase a completion date can be agreed through your Real Estate Agent.

It is the responsibility of the buyer to apply for deeds of title within three months of the sale transfer and submit for registration.

Lenders in Sweden tend to grant mortgage loans up to 75% of the value of the property usually with fixed rate option periods for repayment. Payment terms are pretty flexible, the average being around 20 years. Tax on the mortgage deeds of 2% on the amount for Swedish based mortgages may be due.

You will be expected to prove ability to pay (i.e. wage slips from the last 3 months and bank statements of the last 6 months or, if you are self-employed, copies of your last 3 years accounts (with an auditor's stamp) and copies of you last 12 month's business bank statements and your last 6 months personal bank statements). Proof of payment based on your ability to pay with income received from renting the property will not be taken into account.