Pub­lic re­gis­tra­tion of mort­gage doc­u­ments via di­git­al chan­nels fi­nally pos­sible

18 May 2022 - Landsbankinn

Landsbankinn now offers electronic public registration of refinanced mortgages, first among the domestic banks. Work is under way to allow for electronic registration of all housing mortgage documents.

This means that our customers can now refinance their mortgage, finalise all documents and have the Bank handle public registration electronically. There is no longer any need to visit a District Commissioner for public registration. This was a large and wide-reaching undertaking which has been in the works since 2019, in good collaboration with the District Commissioners’ offices and others.

Lilja B. Einarsdóttir, CEO of Landsbankinn: “Our emphasis on offering competitive terms and excellent service has boosted Landsbankinn's market share in the mortgage market greatly. The Bank’s employees throughout Iceland can provide mortgage advice and process mortgages regardless of location and this has minimised waiting time. Despite greatly increased demand, we have managed to make the mortgage and refinancing processes simpler and less time consuming. Taking advantage of digital channels to conclude public registration of documents saves even more time and effort. Our goal is to make life simpler for our customers and electronic public registration certainly helps.”

Landsbankinn's housing mortgages

Landsbankinn's housing mortgages cover up to 85% of the market value of an asset, 70% basic mortgages have an up to 40-year term and 15% additional loans have a term of up to 15 years. For refinancing, the maximum mortgage is 70% of registered real estate value. Interest can be either inflation-indexation or non-indexed, fixed or variable. If the loan-to-value ratio is lower than 60% of registered real estate value and you have a fixed-rate mortgage, you pay lower interest. Fixed interest is even lower if the loan-to-value ratio is below 50% of registered real estate value.

About Landsbankinn’s housing mortgages

You may also be interested in
New temp image
31 August 2023
Landsbankinn changes interest rates
In light of the recent interest rate decision of the Central Bank of Iceland, the following changes will be made to Landsbankinn’s interest rates. Interest rate changes also have regard for market rates and other funding terms of Landsbankinn.
Screenshot of fraudulent message
31 August 2023
Beware of fake text messages - do not open the link
This is a warning concerning a fake website made to look like that of Auðkenni and which includes a fraudulent connection to Landsbankinn.
23 August 2023
Shorter opening hours in 7 branches - service hours remain unchanged
On 13 September, the opening hours of seven branches will be shortened by three hours and will as a result be 12:00-15:00. While general opening hours will be shorter, customers can still make appointments to visit these branches between 10:00-16:00 and book remote meetings until 18:00, meaning that actual service hours remain unchanged. ATMs are accessible around the clock in all these locations.
18 August 2023
Cyclical– art exhibition opens in Austurstræti 11 on Reykjavík Culture Night
A new exhibition of art from Landsbankinn's collection will be opened in the event of Reykjavík Culture Night in the Bank’s branch at Austurstræti 11. The exhibition is titled Cyclical and is curated by Daría Sól Andrews.
15 August 2023
Eventful Reykjavík Culture Night in Reykjastræti and Austurstræti
Landsbankinn is one of the main backers of Reykjavík Culture Night and we actively take part in the festivities. This year, we are happy to welcome visitors to the Bank’s new headquarters at Reykjastræti 6 and to enjoy a new exhibition of artwork from the Bank’s collection in Austurstræti 11.
Flutningaskip við Vestmannaeyjar
2 August 2023
Vestmannaeyjar branch closes at noon Friday - all branches closed on Tradesman’s Day
Due to the annual festivities in Vestmannaeyjar, the local Landsbankinn branch will close at 12 noon on Friday, 4 August. All bank branches will be closed on Tradesman’s Day, Monday 7 August.
31 July 2023
New housing for Landsbankinn in Akureyri
Landsbankinn in Akureyri will move to Hofsbót 2-4 before the end of 2024, according to a long-term rental agreement with the owners of the premises.
31 July 2023
Fifteen entries receive grants from the Pride Parade Fund of Reykjavík Pride and Landsbankinn
Fifteen entries received grants from the Pride Parade Fund of Reykjavík Pride and Landsbankinn.
31 July 2023
Seven interesting projects receive sustainability grants
Landsbankinn has now allocated sustainability grants for the second time. Seven interesting projects received grants this year in the total amount of ISK 10 million.
31 July 2023
Changes to authentication process in the app
We are making changes to the means by which customers confirm payments and various other actions in Landsbankinn’s app. The aim is to enhance security in ecommerce.

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies