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More households are amortising, but households still have high debt

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New mortgagors are amortising, borrowing less and buying less expensive homes, but many still have high debt. These are FI’s conclusions in this year’s mortgage report. FI is also publishing an FI Analysis that shows the stricter amortisation requirement has reduced the percentage of borrowers with high debt in relation to their income.

“More households are amortising. This is a change that has occurred over the past five years; we are seeing the signs of a new amortisation culture. This means that households’ resilience is increasing,” says FI’s Director General Erik Thedéen.

An FI Analysis entitled Fewer Vulnerable Households after Stricter Amortisation Requirement shows that the stricter amortisation requirement that went into effect on 1 March 2018 has achieved its intended effect. The percentage of new mortgagors with high debt in relation to their income has decreased.

Director General Erik Thedéen and Chief Economist Henrik Braconier will present FI’s mortgage survey and the FI Analysis at a press conference today.

Time and date: Wednesday, March 27, 10:00 AM.

Location: FI’s premises at Brunnsgatan 3, Stockholm.

The press conference is only for the media, but it will be broadcast live at www.fi.se

Regulator Information

Abbreviation: FI
Jurisdiction: Sweden

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