intecknings

Inteckning is a Swedish legal term that refers to a mortgage or a charge on real property. It is a way for a property owner to secure a loan by using their property as collateral. If the borrower defaults on the loan, the lender has the right to sell the property to recover their losses. Inteckning is registered in the Land Data Register (Fastighetsregistret) and is typically issued for a specific amount. This registration provides legal protection for the lender and makes the property's ownership and any encumbrances clear to potential buyers.

There are different types of inteckning, primarily differing in their order of priority. The oldest inteckning on a property generally has the highest priority, meaning it will be repaid first if the property is sold due to a default. This priority is crucial for lenders as it determines the certainty of their repayment. The process of obtaining an inteckning involves applying to the Swedish Land Registration Authority (Lantmäteriet). This involves a formal application and the establishment of the mortgage deed.

Inteckning is a fundamental concept in Swedish property law and is essential for the functioning of the real estate market, enabling individuals and businesses to finance property purchases through loans. It ensures transparency and security for both borrowers and lenders in property transactions.