Green home construction loan
Individuals building an eligible energy-efficient house can borrow at least SEK 1 million and receive a 10% discount on the construction loan’s service fee.
Esta oportunidade está atualmente disponível em inglês.
During construction, you pay interest quarterly on the amount you have drawn. When the house is complete and the completion documents are received, the loan converts to SEB’s green mortgage, with a 0.10-percentage-point interest discount. You must repay the borrowing with interest; your home is pledged as security and failure to repay can ultimately lead to its sale.
To keep the green mortgage discount, contact SEB before each interest terms change date: once a year for a three-month rate, or at the end of a longer fixed-rate period.
Eligibility
- Commission a house manufacturer to build the house. Houses built from individual materials on site (lösvirkeshus) are excluded from the green offer.
- The house’s energy calculation must show a primary energy figure of no more than 81 kWh/m². Check this figure in the house’s energy calculation: it weights different energy sources and adjusts heating for geographical location, then expresses the result per heated floor area and year.
- Provide a contribution from your own money or equity in the plot. If that money is tied up in your current home, SEB allows borrowing for the contribution during construction. On completion, the mortgage must not exceed 90% of the new home’s market value.
- You need an SEB account and online banking. Mortgage conditions also require home insurance with an approved insurer; SEB assesses income, employment and overall finances.
How to apply
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Before looking for a plot, contractor and house supplier, request a loan promise (lånelöfte): SEB’s conditional advance assessment of how much you can borrow, rather than final approval for a particular house. Contact SEB’s construction-loan specialists on 0771-42 50 60, Monday to Friday 09:00–15:00, to discuss the green offer and how to apply.
During construction, pay invoices from the construction account. Where a payment undertaking (spärrförbindelse) applies, the bank reserves part of the loan and pays the supplier or contractor directly.
For conversion to a mortgage, send the municipality’s completion certificate confirming that the house may be used and an estate agent’s final valuation. Any payment undertaking must also have been returned by the house supplier.