Financial and Mortgage Portfolio Overview
Mortgage portfolio - a broad offering
Direct origination and competitive interest rates
Characteristics
Íslandsbanki originates mortgage loans directly, without collaborating
with any brokers
Type of product offerings
1
Variable non-indexed mortgage
The pricing strategy is to offer competitive interest rates, ensure good
profitability in accordance with the bank's profitability goals and
maintain steady growth in the mortgage market
2
Variable non-indexed mortgage - additional loan
3
Fixed non-indexed mortgage for 3 years
Íslandsbanki follows a standard underwriting procedure when it comes
to mortgage lending
In terms of products, the basic loan covers up to 70% of the official
real estate value. Borrowers are also offered to take out additional
loans up to 80% of the purchase price. Special rules apply for loans in
excess of ISK 75m
For refinancing the loan covers up to 70% of the official real estate
value
Íslandsbanki also offers a special loan of ISK 3m for those who are
buying a house for the first time. The loan is in addition to the
traditional 80% housing financing of the purchase price, but up to a
maximum of 90%
4
Fixed non-indexed mortgage for 3 years - additional loan
5
Fixed non-indexed mortgage for 5 years
Fixed non-indexed mortgage for 5 years additional loan
"
7
Indexed mortgage, with interest rate reset every 5 years
8
Indexed mortgage, with interest rate reset every 5 years additional loan
9
Indexed mortgage, with variable interest rates
10
Indexed mortgage, with variable interest rates - additional loan
11
Variable non-indexed first purchase loan
16
August-September 2022View entire presentation