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Swedes Cap Home Loan Ratios

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Thought this might be of interest to some

Swedish FSA Caps Home Loans To 85% Of Property Value From Oct

The Swedish Financial Supervisory Authority (FI)said Friday it will limit mortgages to 85% of property value from October, in an attempt to rein in excessive lending.

"In Sweden, mortgages represent the largest portion of household's total indebtness. In order to increase consumer protection and suppress unhealthy developments in the credit market, FI is implementing new rules as of October 1 2010", the regulator stated.

"The decision will effect new lending and further lending on existing loans, but not already taken loans", Swedish Financial Supervisory Authority Director Martin Andersson said.

The regulator said the new rules will have no significant impact on house prices.

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  • 433 Brexit, House prices and Summer 2020

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