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Equity loan

An equity loan is a new resource for low-income persons and individuals with limited assets, see further information on hlutdeildarlan.is

All apartments are approved by the Housing and Construction Authority and fulfil the criteria for equity loans.

Are you buying your first apartment or have you not owned a property in the last 5 years?

Did you know that you can withdraw your accumulated private pension savings to use as down payment when buying your first apartment?

3 rooms, 81 m2

Purchase price 49.900.000
Own contribution 2.495.000 5%
Loan 37.425.000 75%
Equity loan 9.980.000 20% * note that no instalments or interest must be paid on this part.
Monthly instalment 137.000

Buyers are entitled to interest benefits which can amount to up to ISK 35-50,000 per month.

Apartments 104 and 204.

4 rooms, 92.2 m2

Purchase price 53.500.000
Own contribution 2.675.000 5%
Loan 40.125.000 75%
Equity loan 10.700.000 20% * note that no instalments or interest must be paid on this part.
Monthly instalment 148.000

Buyers are entitled to interest benefits which can amount to up to ISK 35-50,000 per month.

Apartments 102, 103, 105, 202, 203 and 205.

5 rooms, 106.2 m2

Purchase price 57.500.000
Own contribution 2.875.000 5%
Loan 43.125.000 75%
Equity loan 11.500.000 20% * note that no instalments or interest must be paid on this part.
Monthly instalment 159.000

Buyers are entitled to interest benefits which can amount to up to ISK 35-50,000 per month.

Apartments 101, 201, 106 and 206.

Instalments are calculated based on an indexed 40-year loan, according to the HMS calculator on 15/02/2023.

Subject to potential calculation errors and/or typos.

Sales agents

Sales agents

Þorsteinn Yngvason

Þorsteinn Yngvason

thorsteinn@remax.is
Magnús Már Lúðvíksson

Magnús Már Lúðvíksson

maggi@remax.is

Bergþóra Lárusdóttir

Bergþóra Lárusdóttir

bergthora@domusnova.is

Hrafnkell Pálmi Pálmason

Hrafnkell Pálmi Pálmason

hrafnkell@fastlind.is

All images are subject to change - the Building Committee blueprints apply.

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