Security Package

There can be a lot to consider when purchasing a new home. Perhaps the sale of your current home takes longer than expected, or you need more time before you can move in. That is why JM’s Security Package includes protections that can support you if circumstances change along the way.

There may be situations where, for various reasons, you need to postpone your final occupancy date. In such cases, you can apply for acess protection. If your application is approved, you may defer occupancy by up to six months.

How to apply for access protection

• Applications must be submitted no later than one month before the final occupancy date.
• Application forms are available through the responsible real estate agent.
• All applications are reviewed on an individual basis.

If you are unable to sell your current home before taking occupancy of your new home, you may need to cover the costs of two homes at the same time for a period. Through JM’s Security Package, you may, following approval of your application, receive compensation for double housing costs for up to six months.

How to apply for double housing cost protection

• Applications must be submitted no later than three months before the final occupancy date.
• Application forms are available through the responsible real estate agent.
• Compensation of up to SEK 20,000 per month may be granted.
• The protection can apply for up to six months.

Eligibility requirements

To be eligible for compensation, your current home must:

• Be listed for sale with a registered real estate agent.
• Be marketed at a market-based price.
• Have had at least one advertised viewing no later than three months before the final occupancy date.

If the eligibility requirements are met, access protection and double housing cost protection can be used together. Example:

• Three months before occupancy: You apply for double housing cost protection in case the sale of your current home takes longer than expected.
• One month before occupancy: You apply for access protection because you are unsure whether your current home will be sold in time.
• Final occupancy date: If your home has not been sold, access protection may take effect and the occupancy date can be postponed.
• The new occupancy date: If your current home is still unsold, double housing cost protection may come into effect.

In addition to access protection and double housing cost protection, the security package includes several benefits that contribute to a secure home purchase. Benefits include:

• A financial assessment showing the total cost of homeownership based on your personal finances.
• A five-year warranty on construction work.
• A two-year warranty on appliances, plumbing fixtures and surface finishes.

A secure home purchase is about more than just the home itself. It is also important that the housing association or community association has strong foundations from the outset. That is why we actively work to create sustainable and well-functioning associations for the long term.

For tenant-owned apartments

When you purchase a tenant-owned apartment from JM, we help ensure that you become part of a tenant-owner association with stable financial conditions. Among other things, we:

• Appoint an independent board during the construction period.
• Ensure that the association has an approved and certified financial plan.
• Purchase any unsold homes on the settlement date.
• Pay rent for any vacant commercial premises during an initial period.
• Establish a maintenance plan.
• Offer financial and technical property management through JM@Home.

For tenant-owned apartments, insurance is also included to protect advance payments, deposits and occupancy fees, and to ensure that a project that has entered production is completed even in the unlikely event that it cannot otherwise be finalized.

For freehold homes

When you purchase a freehold home, we work in a similar way to create favourable conditions for the community association. We:

• Appoint an independent community association board during the construction period.
• Purchase any unsold homes on the settlement date.
• Pay fees for any unsold premises.
• Establish a maintenance plan for the community association.