Mortgage Dictionary - Land and Plots

Master the language of Swedish mortgages and real estate. From belåningsgrad (loan-to-value) to handpenning (earnest money) – understand every term you'll encounter when buying a home in Sweden.

Selected Tag: Land and Plots

B

🇸🇪BygglovBuilding permit (planning permission)
Land and Plotsapplicationone-time-costvacation-homerequirementsnew-constructionhouse
Permission from the municipality to build. Without a permit, you cannot build new or make major changes.

E

🇸🇪ServitutEasement (right of way, servitude)
Land and Plotsvacation-homehouse
A right to use someone else's land, for example for a road or utilities. Registered and follows the property.

G

🇸🇪TomträttsavgäldGround rent (site leasehold fee, land rent)
Land and Plotsrecurring-costhouse
The annual fee you pay to the municipality if you have site leasehold. Counted into your housing costs by the bank.

L

🇸🇪ArrendeLand lease (ground rent, leasehold)
Land and Plotsvacation-homerecurring-costhouse
Renting land to have your house on instead of owning it. The lease fee becomes an ongoing cost.

P

🇸🇪TomtPlot (lot, land, building plot)
Land and Plotsvacation-homehouse
The land the house stands on or where you want to build. Can be purchased separately if you want to build new.

S

🇸🇪AvstyckningSubdivision (lot split, parcel division)
Land and Plotsone-time-costvacation-homehouse
Dividing a property into several parts, for example selling a piece of the plot. Requires approval from Lantmäteriet.

V

🇸🇪Obebyggd tomtVacant lot (undeveloped land, empty plot)
Land and Plotsapplicationvacation-homehouse
A plot without a house. Banks are often more cautious with loans for land purchases - you may need a larger down payment.

Z

🇸🇪DetaljplanZoning plan (local plan, detailed development plan)
Land and Plotsvacation-homerequirementsnew-constructionhouse
The municipality's plan for what can be built where. Determines if you can extend or build new on your plot.