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The nurses’ association’s agreement with the DNB is the worst among Norway’s largest unions, according to a survey.
The nursing association performed worst in Renteradar’s survey. Illustration image. Photo: Stian Lysberg Solum / NTBPublished: Published:
Yesterday 06:00
The consumer service Renteradar has examined the average mortgage interest rates for 2023 for the largest unions in Norway.
The unions Unio, YS and Econa, which have an agreement with Nordea, are at the top. The worst performer is the Norwegian Nursing Association, which is a customer of DNB.
– If it is true that we are getting worse conditions over time compared to other associations, then of course we have to do something about it, says Randi Moan Riiber, head of the insurance department at the Norwegian Nurses Association (NSF).
She is surprised by the results of the Renteradar survey and says they do not match her impression of the agreement.
– We have a clear dialogue with the DNB that we cannot have worse conditions than other unions. “We are very careful and constantly follow the interest rate,” she says.
In Renteradar’s survey, the average interest rates are based on weekly list prices from financial portals, i.e. the interest rates reported by the banks themselves. So 52 observations for each bank and each product.
Worst in two categories
A standard mortgage customer who was a member of Unio, YS or Econa had an effective average interest rate of 4.638 percent in 2023. The Juristforbundet received an average interest rate of 4.666 percent from Handelsbanken.
According to the survey, the nursing union at DNB had an average interest rate of 4.813 percent.
The same picture emerges for young mortgage customers. The Juristforbundet, Unio, YS and Econa are ahead. Below we find the nurses’ agreement.
Nurses had 0.17 percentage points and 0.12 percentage points higher interest rates in 2023 than, for example, radiologists, physical therapists and occupational therapists.
According to Renteradar, for an average loan of three million NOK, this means that in 2023 there will be NOK 5,100 or NOK 3,600 more in interest expenses.
“I want our members to have the same interest rate as others,” says Moan Riiber from the nursing association.
She would like to speak to the DNB to check whether the numbers are correct.
DNB: – Comes out well
– A comparison like this only applies if you changed your mortgage rates by taking out a new mortgage from different banks every week in 2023. However, most of us have mortgage agreements for a longer period of time and then the DNB interest rates benefit NSF members well compared to other association agreements.
This is what Ingjerd Blekeli Spiten, Head of Private Markets, writes to E24 when asked how they respond to Renteradar’s survey.
– With the prices announced by banks in February and March, DNB will offer the lowest interest rate among the association agreements for a mortgage over 2 million and the same price as four out of five competitors for young and first home borrowers, says Spiten.
She believes that the survey figures illustrate how difficult it is for credit customers to find out about the conditions when interest rates increase frequently.
– We hope that in 2024 it will be easier to get an overview again, it will be an advantage for everyone. “We are proud to have reached an agreement with such an important association like the NSF in the DNB and would of course like to make a good offer to the members there,” says Spiten.
Renteradar has commercial collaborations with Nordea and Danske Bank, two of the five banks included in the survey.
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