Floating-rate loans for buying property abroad

A floating-rate loan is a good solution when you need to finance your home abroad, as this will offer you the lowest possible mortgage payments.

As the loan is based on the low short-term European interest rate, 3-month Euribor, your mortgage payments will be as low as possible. With a floating-rate loan, your mortgage payments will vary – they may rise and fall during the loan term. We offer a loan term of up to 30 years with an optional initial 10-year interest-only period.

The loan is raised in EUR. This will give you the advantages of traditional Danish mortgage loans combined with the benefits of euro loans, which generally have lower loan rates. If you are living abroad, and your mortgage payments are in EUR, you also avoid any currency risk.

All loans are funded by bonds trading on Nasdaq Copenhagen and commonly used in connection with mortgage loans in Denmark.

If you take out a mortgage on your home abroad, the following charges are payable:

  • Ongoing administration margin
  • Trading commission
  • Up-front fee
  • Valuation fee
  • Notary and registration costs
Loan term Up to 30 years. 
Number of payment dates Four per year.
Interest rate The interest rate is fixed quarterly based on 3-month Euribor. The loan rate is typically low, which means that your mortgage payments are also low.
Interest-only period:  You may choose an initial interest-only period of up to 10 years.
Prepayment You can always prepay your mortgage loan by buying the bonds funding the loan at prevailing market prices, or you can prepay the mortgage at par (100) as at a payment date.
Market value When interest rates rise, the market value will not decrease as much in relative terms as fixed-rate mortgages, and you will thus not obtain the same home equity protection.

Loans for Spain

 
Buying a new home

Borrow up to 70% of the property value. Customers who choose to do a large part of their banking with Nykredit may borrow up to 80% of the property value

Mortgage equity withdrawal and refinancing

Borrow up to 60% of the property value. 

Minimum loan Minimum loan of EUR 100,000; outside of Nykredit’s primary geographical business areas, the minimum loan amount is EUR 500,000.
Loan term

Up to 30 years.

 

Loans for France

 

Buying a new home

Borrow up to 80% of the property value.

Home equity

 Borrow up to 80% of the property value.

Minimum loan

 

Minimum loan of EUR 100,000; outside of Nykredit’s primary geographical business areas, the minimum loan amount is EUR 500,000.

Loan term

Loan terms of up to 30 years.