At least at OP, they weren’t even aware of the possibility of a 40-year mortgage yet.
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At my end at least, they mentioned the possibility when I discussed the matter earlier this week.
They should invest a bit more in training to ensure “consistency”. Of course, it’s a fairly new thing, so I wonder if the information has reached everyone yet.
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Does anyone here have recent experience with Aktia’s margins and other loan terms (e.g., can you get the 3-month Euribor)?
They currently have that 0.2% margin for two years offer, but what are the margins typically like after that? At the same time, I could transfer the remainder of one investment property loan to them.
I booked an appointment with a specialist; at least that was possible on a quick schedule. I originally took a mortgage from them but got fed up with the abysmal online and mobile banking and switched to OP; hopefully, those have been updated since 2022. There’s nothing wrong with OP per se, the only thing is that my spouse doesn’t always seem to get service in Swedish very quickly.
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It occurred to me that you can become a customer of whichever Osuuspankki you want; it’s by no means mandatory to be a customer where you live. 
Just go ahead and initiate a customer transfer to Andelsbanken Åland or similar 
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People have some crazy margins! Does anyone have experience with recent loan term extensions? I have an investment apartment in Töölö, Helsinki, with only a few years of the loan term remaining. The problem is that the monthly installment is really high considering the upcoming renovations. I think I last asked a couple of years ago and it wasn’t possible then. I wonder if their stance has changed?
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A ~35-year mortgage like that would certainly be tempting; my current one has about half of that remaining. It would nicely reduce the risk for an entrepreneur and allow for increased stock savings. One would have to make a conscious decision to put the difference between the current and new monthly installments into, say, ETFs, which could also be liquidated in a pinch. The remaining loan is about 2/3 of the property’s value in the Helsinki metropolitan area, so in my opinion, it’s quite safe even without much active repayment. I don’t intend to live here until retirement.
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Sure, you’ll get a new loan from the bank as long as your personal finances are in order. If the initial answer is no, you can always say “the bank next door said it’s doable.”
A quite competitive offer came from Aktia regarding loan transfers: a 0.2% margin for the first two years, followed by 0.3% + 3-month Euribor.
What makes the offer especially interesting is that both the home mortgage and the investment property loan would be on the same terms.
The property is outside Ring III and the investment apartment is outside Ring I.
Apparently, the mobile/online banking has been revamped; I need to try them out or search YouTube to see what they look like.
We’ll see how OP responds.
PS. The loan term could have been stretched to 35 years if desired, or at least 30 years.
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There shouldn’t be any problem with that. If nothing else, then just take a new loan from a new bank, for example.
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OP offered a 0.38% margin and a €300 drawdown fee. Bonuses would amount to just under €600 per year, meaning OP pulled ahead as the most affordable. Nordea also lowered their margin to 0.3% with a €300 drawdown fee. Still need to ask for the final offers once a flat is locked in.
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