Many people who buy a house or apartment have to borrow money from a bank. Now, it might be easier to compare loans from different banks. Then there is the chance to get cheaper loans.
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Those who borrow money to pay back more money than they have borrowed. How much extra they will pay is determined by the interest rate.
As it is today, it can be difficult to know in advance how high the interest rate will be. It is also difficult to compare rates between different banks.
New rules for banks
Authority FSA now proposes that there should be new rules for banks. They want to force the banks to show how high the interest of their customers tend to have on average.
One of those who work at FSA’s Malin Omberg. She believes that those who buy housing will often get cheaper loans in the future:
– I am convinced that this will give consumers a better negotiating position when they will take home and then it will hopefully lower costs also says Malin Omberg.
Politicians decide
Now various organizations and banks’ managers get a chance to say what they think of the proposed new rules. Then decide the politicians in parliament how it gets. But experts at the FSA believes now that parliament will approve their proposal.
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