Mortgage Expressions
Swedish home finance — bolån, amorteringskrav, bunden eller rörlig ränta and lånelöfte.
The Swedish home purchase, lånelöfte to keys: the loan machinery (kontantinsats, belåningsgrad, amorteringskravet), the rate game (bunden eller rörlig, förhandla — listräntan is just the opening bid), the buying process with its Swedish quirks (undersökningsplikten, bud är inte bindande, the förening's skuld per kvadratmeter and the kommande stambyte), the bidding drama (bjuda över, bli överbjuden) — through kontraktsskrivning and tillträdesdag to nycklarna byter ägare. Grattis till det nya hemmet.
- 1
ett bolån
a mortgage
Tip: lit. 'a housing loan'.
- 2
ett lånelöfte
a mortgage promise
Tip: lit. 'a loan promise' — you need one before you can bid.
- 3
kontantinsatsen
the deposit
Tip: lit. 'the cash contribution' — at least 15 percent by law.
- 4
belåningsgraden
the loan-to-value ratio
Tip: lit. 'the mortgaging degree'.
- 5
amorteringskravet
the amortisation requirement
Tip: lit. the same — a legal duty to pay down the loan.
- 6
amortera
to pay down the principal
Tip: lit. 'amortise' — a verb every Swedish homeowner uses monthly.
- 7
bunden eller rörlig ränta
fixed or variable rate
Tip: lit. 'bound or moving interest'.
- 8
binda räntan
to fix the rate
Tip: lit. 'bind the interest'.
- 9
ränterabatten
the interest rate discount
Tip: lit. the same — always negotiable in Sweden.
- 10
förhandla om räntan
to negotiate the rate
Tip: lit. the same — most people don't, and lose money.
- 11
listräntan
the list rate
Tip: lit. 'the list interest' — nobody actually pays it.
- 12
ränteavdrag
tax relief on interest
Tip: lit. 'interest deduction' — 30 percent back.
- 13
vara skuldsatt upp över öronen
to be up to your neck in debt
Tip: lit. 'be indebted up over the ears'.
- 14
tänja på ekonomin
to stretch yourself financially
Tip: lit. 'stretch the finances'.
- 15
marginalerna
the margin of safety
Tip: lit. 'the margins' — 'små marginaler' is a very Swedish worry.
- 16
kvar-att-leva-på-kalkyl
a stress test
Tip: lit. 'left-to-live-on calculation' — the bank's affordability test.
- 17
bjuda över utgångspriset
to bid over the asking price
Tip: lit. the same.
- 18
en budgivning
a bidding war
Tip: lit. 'a bidding' — the Swedish house-buying ritual.
- 19
bli överbjuden
to be gazumped
Tip: lit. 'be outbid'.
- 20
bostadsbubblan
the housing bubble
Tip: lit. the same — debated for twenty years.
- 21
räntehöjningen slår hårt
the rate rise bites
Tip: lit. 'the rate rise strikes hard'.
- 22
lägga om lånet
to refinance
Tip: lit. 'lay over the loan'.
- 23
byta bank för bättre ränta
to switch banks for a better rate
Tip: lit. the same.
- 24
en medlåntagare
a co-borrower
Tip: lit. the same.
- 25
gå i borgen
to stand as guarantor
Tip: lit. 'go in surety' — risky, and often family.
- 26
vara skuldfri
to be debt free
Tip: lit. the same — a distant dream for most.
- 27
lånet löper på femtio år
the loan runs for fifty years
Tip: lit. the same — genuinely normal in Sweden.
- 28
mäklaren
the estate agent
Tip: lit. the same — paid by the seller.
- 29
visningen
the viewing
Tip: lit. the same — usually Sunday, an hour long.
- 30
en privatvisning
a private viewing
Tip: lit. the same.
- 31
objektsbeskrivningen
the sales prospectus
Tip: lit. 'the object description'.
- 32
besiktningsprotokollet
the survey report
Tip: lit. the same — for houses.
- 33
undersökningsplikten
the buyer's duty to investigate
Tip: lit. the same — a serious legal duty in Sweden.
- 34
upplysningsplikten
the seller's duty to disclose
Tip: lit. the same — weaker than the buyer's duty.
- 35
dolda fel
hidden defects
Tip: lit. the same — ten years of liability on houses.
- 36
föreningens årsredovisning
the annual report of the association
Tip: lit. the same — read it before you bid on a flat.
- 37
föreningens skuld per kvadratmeter
the association's debt per square metre
Tip: lit. the same — the number that matters.
- 38
ett kommande stambyte
a pending pipe replacement
Tip: lit. the same — check for it.
- 39
budgivningen är igång
the bidding is open
Tip: lit. the same.
- 40
bud är inte bindande i Sverige
bids are not binding in Sweden
Tip: lit. the same — surprising, but true.
- 41
kontraktsskrivningen
the contract signing
Tip: lit. the same — that is what binds you.
- 42
tio procent vid kontrakt
ten percent on signing
Tip: lit. the same — the handpenning.
- 43
tillträdesdagen
the completion date
Tip: lit. 'the access day'.
- 44
slutlikviden
the final settlement
Tip: lit. the same — the rest of the money.
- 45
nycklarna byter ägare
the keys change hands
Tip: lit. the same.
- 46
lagfartskostnad
stamp duty on a house
Tip: lit. 'title deed cost' — 1.5 percent, houses only.
- 47
grattis till det nya hemmet
congratulations on the new home
Tip: lit. the same.