Swedish regulator takes second stab at amortisation rule
Plans are similar to those planned for 2015
The Swedish financial regulator, Finansinspektionen (FI), relaunched its bid to impose amortisation requirements today (April 20), after the rules were struck down by the judiciary in 2015.
If all goes to plan, from June 1 all new mortgages in Sweden with a loan-to-value (LTV) ratio over 70% will have to be amortised at a rate of at least 2% a year. Mortgages with a ratio below 70% must amortise at a minimum of 1% a year until their LTV hits 50%.
Many mortgages in Sweden are interest-only at
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