Mortgage Dictionary - new-construction

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: new-construction

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.

C

🇸🇪FärdigställandeskyddCompletion guarantee (builder's warranty, construction insurance)
New Constructionrequirementsnew-constructionhouse
Insurance that protects you if the construction company goes bankrupt. Mandatory for new construction.
🇸🇪BygglånConstruction loan (building loan, self-build mortgage)
New Constructionapplicationrecurring-costnew-constructionhouse
A loan during construction that is paid out in stages. Converted to a regular mortgage when the house is finished.

N

🇸🇪NyproduktionNew construction (new build, newly built)
Property Typesnew-construction
A brand new property no one has lived in. Often higher price but lower maintenance costs in the first years.

P

🇸🇪PassivhusPassive house (zero-energy building, ultra-low energy house)
Green Loansnew-constructionhouse
Extremely energy-efficient house that often qualifies for the best green loans.

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.