Skandia, the first company to show interest rate cut – Swedish Dagbladet

Skandia, the first company to show interest rate cut – Swedish Dagbladet

Since SvD Enterprise’s mortgage map black and white began to show interest rates for mortgage loans are usually much lower than what the banks tell openly, FSA has also criticized the drop rates. But so far there is no binding decision from the authorities on more accurate interest rate information from banks.

In the state chooses Skandia to become Sweden’s first bank to open accounts for the average interest rate that the bank’s mortgage holders actually have.

– Ultimately the big banks never resist the need for more transparency about the real mortgage rates. Now select Skandia to be the first to tell you that the discount in our average is 0.47 percent, says Oyvind Thomassen who is bank manager for Skandia.

It is just after of each month Skandia will publish the average mortgage rate for the month before. For it to be comparable although the drop interest rates change, they choose to talk about the average discount off list rate. With the average discount of 0.47 percent was the bank’s average lending rate of 1.94 percent in August, a level which otherwise was practically the same yesterday, on 8 September.

– I urge all customers to require this kind of recognition of their bank. Other banks have the same technical conditions that Skandia to do this. It is not very difficult for them to develop, says Oyvind Thomassen.

One of the few existing sources of information about the actual interest rates on mortgages are SvD Enterprise’s interest map, where mortgage holders themselves fill at negotiated rates to help each other. The only official source, however, Statistics Sweden as monthly reports an average. The problem with the SCB statistics is to lump together all the banks and mortgage lenders, so the consumer can not read out which actor is less than average interest.

FSA has repeatedly gave a signal of their dissatisfaction with the banks drop interest rates, but without the big banks have acted.

– This talked FSA of our Konsumentskyddsdag 25 May states says Annika Zervens, communications manager at the FSA.

But already a year ago FI suggested that banks in its citation of a specific interest rate to each customer notifies the effective average mortgage rate of the bank. Then FI meant to drop the interest rates were so misleading to many consumers that some even perceived as the bank’s average. Nothing has happened, however, until the Skandia today, with its new news.

– I think our competitors will hang on us, otherwise they’s not their customers seriously, says Oyvind Thomassen.

According compricer.se as compiles official bank interest rates drop, interest rates on the mortgage loans (three months, moving) from 2.40 to 2.45 percent today. But now there is in each case a bank that tells how much lower than the level usually is.