Buying a home

Before buying, consider the purchase price, down payment, mortgage terms, registration and legal costs, insurance, property-related charges, utilities, maintenance, the condition of the building and local planning rules.

Contact banks directly to compare financing options: Føroya Banki https://www.bankin.fo/, Betri Banki https://www.betri.fo/fo/banki, Norðoya Sparikassi https://netbanki.ns.fo/ and Suðuroyar Sparikassi https://netbanki.ss.fo/fo. Loan approval, account requirements, interest rates, fees and repayment conditions depend on the lender and your financial circumstances. Ask for the full terms in writing before committing.

For planning permissions, building regulations and available building plots, contact the municipality where the property is located.