Mortgages denominated in foreign currency
Mortgages denominated in foreign currency are mortgages in ISK designed for individuals who receive their income in foreign currency. This type of loan requires specific information and credit checks to meet our compliance obligations which differ from requirements outlined for traditional mortgages. According to the Consumer Mortgage Act. Loan applicants are required to have a legal domicile registered in Iceland. Mortgages are granted for the purchase or refinancing of property for own use.