{"id":1914,"date":"2026-05-27T08:43:00","date_gmt":"2026-05-27T05:43:00","guid":{"rendered":"https:\/\/oun.fi\/?p=1914"},"modified":"2026-05-27T09:01:19","modified_gmt":"2026-05-27T06:01:19","slug":"financing-charge-or-a-bank-loan","status":"publish","type":"post","link":"https:\/\/oun.fi\/en\/financing-charge-or-a-bank-loan\/","title":{"rendered":"Financing charge or a bank loan?"},"content":{"rendered":"

When buying a new home, you are often faced with a choice: do you pay off the housing company’s loan share in installments over the years, or get your own bank loan and pay off the company loan in one go? Both options have their advantages and disadvantages, and the decision depends largely on your own financial situation. <\/p>\n

Financing charge – effortless but inflexible<\/h2>\n

The financing charge is an easy option for the owner-occupier. The housing company has pre-negotiated the terms of the loan with the bank, and you don’t need any personal collateral. The loan and repayment periods and the margin for the housing company have been agreed in advance. <\/p>\n

The main problem with the financing charge is its inflexibility. Well under 10% of housing loans use interest rate hedges,<\/strong> so the loans are very vulnerable to interest rate fluctuations. Last autumn, all housing loans were already above 4%. The rise in interest rates has forced many housing companies to increase their financing charges. <\/p>\n

The reference rate for building society loans is usually 12-month Euribor, and the loan can typically only be paid off a few times a year without any charges. You cannot influence the repayment periods or apply for repayment holidays in a way that suits your circumstances. <\/p>\n

Your own bank loan brings flexibility<\/h2>\n

A personal mortgage gives significantly more flexibility. You can get payment terms tailored to your needs, and it is possible to negotiate different flexibilities and grace periods to suit your life situation. <\/p>\n

If a housing company puts its loans out to tender, there may not be a significant difference between the price of a company loan and a personal mortgage. The mortgage interest deduction expired at the end of 2023,<\/strong> so this former tax advantage is no longer a justification for taking out a personal loan.<\/p>\n

When is a personal loan not possible?<\/h2>\n

Getting a personal loan is not always possible. Banks stress-test loans at a six per cent interest rate,<\/strong> and your financial situation has to be able to withstand this. In the current interest rate environment, the importance of testing is understood quite differently from the zero interest rate era. <\/p>\n

For some, access to a loan is interrupted by a lack of the required collateral. The terms and interest margin of a personal loan are influenced by your ability to repay, your other assets, your annual income, the quality of your collateral and the concentration of your banking relationship. <\/p>\n

It is also important to understand that even if you pay off your own housing company loan, you are still jointly responsible for the housing company loan until the end of the loan period.<\/strong> If other shareholders fail to meet their own payment obligations, this can affect the whole housing company and therefore the situation of the other shareholders. <\/p>\n

The investor’s perspective is different<\/h2>\n

If you buy a home for investment purposes, your calculations change. For an investment property, the interest deduction still applies –<\/strong> the investor can deduct the interest on the mortgage as an expense incurred to earn rental income. In addition, in addition to the maintenance fee, an investor can also deduct financing charges on their own tax return, including capital charges, subject to certain conditions. This may make the financing charges a more advantageous option for the investor. <\/p>\n

What is the best option for you?<\/h2>\n

The best way to manage your loans is to think about what works best for your finances. In new homes, young homebuyers often keep their share of the mortgage, while around half of older people pay it off immediately. <\/p>\n

If you plan to live in an apartment for a long time, paying off your loan in one go can be a good idea – simplifying your monthly spending. On the other hand, a financing charge can give you some savings in your everyday life and allow you to make other purchases in your life. <\/p>\n\n

\n

when you have the financing figured out, remember also…<\/h2>\n\n\n\n

The purchase agreement for your home is one of the biggest contracts of your life. Before you sign, it’s worth knowing exactly what’s in the documents – and what’s missing. <\/p>\n\n\n\n

OUN\u00ae reads the site documents for you and delivers a plain-language analysis within 24 hours. We are 100% on your side – we don’t sell the property to anyone. <\/p>\n\n\n\n

\n
Order an OUN\u00ae analysis<\/a><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

When buying a new home, you are often faced with a choice: do you pay off the housing company’s loan share in installments over the years, or get your own bank loan and pay off the company loan in one go? Both options have their advantages and disadvantages, and the decision depends largely on your 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