The Swedish bankers ‘ association is against the bill if stricter amortization rules at the high bostadsbelåning in relation to the household income.
It is clear from the work of the industry federation responses.
”The proposal on tightened the requirements linked to the debt ratio should not be implemented. It creates greater complexity in an already complex regulatory framework”, writes the Swedish bankers ‘ Association in reply that was sent to the Swedish financial supervisory authority on Thursday.
FI has proposed rules which means that households whose liabilities are greater than 4.5 times the income, get an additional amortisation of 1% of mortgage per year.
Banking parts of the financial supervisory authority and other authorities ‘ assessment that a continued rapid increase in housing prices and household indebtedness may pose risks for the Swedish economy. To further regulate in detail the households ‘possibilities to borrow money, however, is not the right way forward, believes the Swedish bankers’ Association.
The proposal would , according to the trade organization result in an extremely complex and doesn’t make sense to the regulation of mortgage loans to households.
”The regulatory framework should be dealt with by thousands of bankers and affect in the long term, millions of banking customers. It is important, therefore, that it is not too complex and that bolånekunderna can understand the intentions behind it. Otherwise, the rules lose their legitimacy”, resoneras it.
”A further tightened the requirements related to debt ratio strengthens the thresholds to enter the housing market as it is to a large part would hit first-time buyers. It would also reduce the movement by making it more difficult for households to change both the home and the bank”, argues bankers ‘ association president Hans Lindberg.
According to the trade association should state measures focus instead on the root causes of rising house prices and high indebtedness.
”For example, would be a careful avtrappning of ränteavdraget a better measure,” says Hans Lindberg.
According to FI, is not enough the requirements that were introduced in the last year, but household debt continues to rise faster than incomes.
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