Current issues

Landsbankinn lowers debt

Landsbankinn intends to take advantage of its sound financial position to lower its customers' debt through the implementation of new measures. It is the goal of Landsbankinn to support the restoration of Icelandic households and industry. We emphasise clarity and efficiency, mutual benefits and rewarding prompt customers.

Interest refund

Lowering debt on housing

Lowering of other debt

The government's 110% solution

The aim of the government's 110% solution is to cancel encumbrances in excess of 110% mortgaging of borrowers' property. Creditors with mortgage rights in excess of 110% of the property's value cancel their claim. Cancellation of debt under the 110% solution is based on the status of mortgages on 1 January 2011. In the case of exchange rate linked loans, cancellation is based on the principal of the loan following recalculation in accordance with court rulings.

Further information on the government's 110% solution