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More Norwegians switch banking and insurance services

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You can save a lot of money by moving the mortgage or renegotiating the interest rate. Many Norwegians chose to do this last year, the Consumer Council’s survey shows. Photo: Ole Berg-Rusten / NTB

Of NTB | 05/03/2024 13:54:51

Economy and business: 27 percent of mortgage customers moved or renegotiated their mortgage last year, shows the survey that the Consumer Council conducts annually. In 2022, this applied to 22 per cent.

Being a price-conscious consumer pays off, says director Inger Lise Blyverket in the Consumer Council.

– If you have a mortgage of NOK 3 million, you save NOK 15,000 on an interest rate improvement of 0.5 per cent, she says.

Among those who moved or renegotiated banking services in 2023, four out of ten state an annual saving of NOK 5,000. Almost one in ten saved more than NOK 20,000.

(© NTB)

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