3 October 2022 at 09:14 Finanstilsynet will tighten the mortgage regulations – will reduce the maximum limit and grant fewer exceptions Finanstilsynet will reduce the maximum limit for borrowers’ total debt to 4.5 times income, and they will reduce the flexibility quota in the mortgage regulations. Today, the maximum limit for borrowers’ debt is 5 times gross annual income. – Furthermore, it is proposed that the lending regulation be extended to also include loans with collateral other than housing, so that the regulation captures all loans to households. The flexibility quota for mortgages is proposed to be reduced from 10 per cent (8 per cent in Oslo) to 5 per cent, says a press release from the supervisory authority. (NTB)
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