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Excess Payments and Prepayments

Prepayment fee from 15 June 2026 From 15 June 2026, new mortgage loans will carry a prepayment fee for the first 5 years of the loan term. The prepayment fee will never exceed 0.2% of the amount of the excess payment for each full year remaini...

/en/loans/further-information/excess-payments-and-prepayments/

Upon the start of employment

Starting your first job or changing careers is a major step. Here you'll find an overview of the key things to keep in mind during this important transition.

/en/life-events/upon-the-start-of-employment/

Overview

LSR is both the oldest pension fund in Iceland and the largest in terms of assets. The fund has guaranteed its members and their families extensive rights for over 100 years.The fund's policy statement states ...

/en/about-lsr/overview/

Tariff

/en/loans/further-information/tariff/

Solutions to Payment Difficulties

You can see the solutions that LSR offers to accommodate borrowers with payment difficulties below.

/en/loans/further-information/solutions-to-payment-difficulties/

Mortgage Transfer

Most recent receipts of the applicable loansCertification of title (in most cases, the fund can provide an electronic certification of title for a small fee)Purchase agreement/purchase offer

/en/loans/further-information/mortgage-transfer/

Welcome to LSR

Dear member of LSR pension fund,

/en/about-lsr/welcome-to-lsr/

Private pension for property purchases

A permanent scheme allowing tax-free withdrawals from Private Pension savings to repay a residential mortgage will take effect on 1 October 2026. It replaces the temporary scheme that was first introduced in 2014 and subsequently extended on a regular bas...

/en/private-pension/private-pension-for-property-purchases/

FAQ

/en/loans/faq/

Collections

We encourage borrowers to familiarise themselves with solutions to payment difficulties if they anticipate having problems paying o...

/en/loans/further-information/collections/