Of course, as in any other country, in Sweden you can get a credit for the acquisition of real estate. However, the conditions are markedly different from Russian. The loan can be obtained for a period of 15 to 40 years, the percentage is recorded for 2-5 years. It depends on the economic state of the country. Each month, the number changes, the percentage depends solely on the time of taking the loan. Due to the European crisis, the percentage in Sweden is growing very quickly and at the moment quite high.
The loan obtaining scheme looks approximately as follows. The land register of Sweden gives a mortgage to everyone to purchase real estate. Such a document can only provide a purchase. Further, with this paper, a person goes to the bank, where he receives a loan up to 75% of the total cost. An annual revision of the value of real estate depending on the current circumstances in the market. Next, the bank receives money to issue a mortgage. Be sure to describe the rules of operation of real estate in the contract. This is necessary, because if the owner is not able to pay a loan, real estate goes to the bank. In the future, for its sale, it is important to know about the quality of construction. If the building is only built, then it cannot be an object of mortgage.
If you want to purchase a land plot, you can count on the amount of not more than 40% of the market value. You can also sell an apartment on a mortgage to any other owner, of course, with the transfer of all rights to a mortgage. So you can significantly reduce the value of real estate. Housing purchased on credit is as much as 80% of all purchased real estate. Another important point when filling out the contract is real estate insurance from various errors when performing the construction of the building, as well as from fires. Tariffs fluctuate depending on the size of the territory, quality level and the presence of different risks.