Only every fifth person has renegotiated their interest rate in recent months and every third person thinks they do not have sufficient knowledge to negotiate their mortgage interest rate, shows investigations that the Financial Supervisory Authority has made.
At the same time, there are large differences between the mortgage rates that banks offer on average. According to konsumenternas.se, it differed in June by 0.34 percentage points between the cheapest and most expensive of the leading mortgage banks. For a loan of 2 million kronor, this means a difference of 6,800 kronor per year.
Many would probably gain something from sitting down, going through and comparing, says Moa Langemark.
Pitfalls to avoid
A pitfall to avoid is to unnecessarily tie the loan to different loan periods. Moa Langemark says that it partly makes it more difficult to negotiate the entire loan at the same time, but also that it becomes more difficult to change banks.
So you simply become more tied to your bank.
Another pitfall is to base oneself on the list rate when negotiating. In several cases, it is a whole percentage point above the average rate at the same bank. Moa Langemark says that it is important to ask questions to your bank and switch if you are not satisfied.
There are no stupid questions, you have every right to ask questions to your bank until you understand what mortgage interest rate you get.
Several thresholds
The Financial Supervisory Authority has recently taken several measures to try to lower the thresholds that mortgage customers experience that they encounter. Among other things, banks should inform when any interest rate discounts expire.
Since last autumn, the authority also requires that mortgage customers be able to receive their amortization data digitally. According to Moa Langemark, the amortization data can help to get a lower mortgage interest rate.
It is enough to simply request a digital amortization data for the bank to contact you and offer you a better mortgage interest rate.
The list rate for mortgages is the banks' regular mortgage rate and serves as a starting price.
Average rate is an average of the interest rate that customers actually received from the bank.
Interest discount means different forms of temporary discounts that are set at an individual level for a period. Income level, loan-to-value ratio of the home or whether you have savings or insurance with the bank can be factors that play a role for the discount.
