Finanstilsynet today issued its evaluation and advice to Finance Minister Trygve Magnus Slagsvold Vedum (Sp) on new lending regulations from 1 January 2023. Today, the maximum limit for borrowers’ debt is 5 times gross annual income. Finanstilsynet proposes to reduce the maximum limit for the borrower’s total debt to 4.5 times 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. – Substantial austerity In Senja municipality in Troms there is a major housing shortage. There are plenty of cabins, but employers at Senja find it difficult to find housing for their employees. Former mayor Tom Rune Elisussen is not satisfied with the proposal. – This means a significant tightening of the criteria, and more difficult for people to get mortgages in both the city and the district, he writes in an SMS to news.
ttn-69
The Norwegian Financial Supervisory Authority will change the lending regulations – news Troms and Finnmark
