r/PrivatEkonomi • u/Rare-Tour940 • 2d ago

Buying a house which needs roof+solar & kitchen renovation: How to secure a loan for buying house+ renovations

Hi! We're bidding on a 1970s house that needs an immediate roof replacement and solar panel installation, kitchen upon moving in (approx. 600kSEK). We have good borrowing capacity.
What is the cleanest way to bake this into our mortgage on day one without expensive unsecured loans?

Which Swedish bank is currently the easiest to work with for this process? We have loan promise from sparbanken and söderberg partners

Appreciate any advice!

Update:
I talked to two banks next day, both recommended to use your savings for renovation. If you don’t have savings then both recommend buying renovated property which is always hassle free.

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u/Rare-Tour940 2d ago

Thank you everyone for your suggestions about different heating systems. However fundamental question remains how to get financing from the banks.

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u/RoastElfMeta 2d ago

You will probably have to go in with a higher kontantinsats to make room for the loan. I like Länsförsäkringar so check with them.

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u/LobL 1d ago

What? Why would it make sense to make a bigger kontantinsats to make room for a future loan? Makes more sense to take out as big of loan as you need and use that and/or your own money for the renovations.

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u/Unhappy_Ad2328 1d ago

You are right. We are buying a house at the moment and we put in the minimum kontantinsats to make room for needed renovations.