Selling property and mortgaging in Sweden : a simple matter
Hogberg, Monica
The Land Data Bank reform was implemented in the 1970: s and completed in 1995. Today all registration about all properties in Sweden takes place in the computerized Real Property Register. In addition a new law on computerized mortgage certificates (CMC) was implemented in 1994. Today all credit holders use both systems. The real property registers for collecting information and the CMC for, for example, storing mortgage certificates. Buying property and getting a mortgage is a simple matter in Sweden and it can be handled in a couple of days. The process does not require a lawyer or any other professional assistance. In Sweden we donnt have any notaries. The computerized systems involved facilitate the contacts between a real estate agent, the credit holder, the Land Register Authority and Lantmmteriet. The banks/credit holders have an important role in the process of conveyance. Not only when it comes to applying to the Land Register Authority, the Bank is also paying the taxes and fees collected by Lantmmteriet.
Event: XXIII International FIG Congress : Shaping the change
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