Skandia is lowering its list rates on mortgages with terms of 1-3 years by 0.10-0.20 percentage points, according to a press release.
The so-called floating rate, with a three-month binding period, remains unchanged.
Skandia – which provides interest rate discounts based on the loan amount, the borrower's loan-to-value ratio, and for customers with occupational pensions in Skandia – refers to falling market rates.
The announcement comes ahead of the Swedish Central Bank's interest rate decision on November 7, when the fourth rate cut of the year is expected.
