Now it will be more expensive to stay. – Aftonbladet

Now it will be more expensive to stay. – Aftonbladet

Now it will be more expensive to stay.

In any case, if the Financial Supervisory Authority chief has his way with the interest deduction.

– There is a uniquely good position when interest rates are this low, says Martin Andersson to Dagens Nyheter.

Founded in late October advocated Martin Andersson, Head of the Financial Supervisory Authority, FI , the interest deduction is abolished. Dagens Industri he said then that it should become less attractive for households to take out loans.

– Other things that can affect households’ ability to service the debt, for example, changing interest deduction. It is a question that lies at the politicians, said Martin Andersson told the newspaper.

Now, he puts again pressure on the politicians. In an interview with DN today he says that the current situation with record low interest rates means a uniquely good position to at least reduce the interest deduction.

If the deduction would remain at the current level, while there is a one percent increase in interest rates would deduction cost the exchequer eight billion.

Towards culture

Martin Andersson now hope that the politicians realize the situation.

– It is much easier to begin a phase-out or a tapering off of the interest deduction in a low interest rate environment. It is much easier to do it now, said Martin Andersson, former DI.

FI-manager believes that Sweden is about to get a “repayment culture”, but that the behavior needs to be permanent.

Government: not up to date

In early November, FI told that mortgage borrowers should repay the principal on their mortgages to 50 per cent LTV.

– These changes can give us a better amortization culture, said Finance Minister Per Bolund Aftonbladet.

As stated Bolund that the government will not move Interest Deduction:

– In the current situation is not an issue, but we will follow the development of household debt . It is important not to take action that triggers a boprisfall or financial instability, said Minister for Financial Markets in November.