Amortization requirement cut – for the third time – Swedish Dagbladet

Photo: Fredrik Persson / TT

Appeal in Jönköping stands for the third time negative to how the FSA will be able to issue regulations on the amortization of the new mortgage. Appeal, which on two previous occasions commented on the issue of repayment demands, claiming that the authority should not be able to give instructions to get such a wide impact.

– It is obvious that the FSA is given a vague mandate very large degree of discretion, while the effects of amortization requirements go far beyond its supervisory area, says Appeal president Stefan Holgersson in a statement.

Appeal in Jönköping. Photo: Margareta Gustafsson / TT

Appeal writes that it must be set high demands on the FSA’s handling of the repayment requirement. “Just as the appeal has been previously pointed out, the question further investigation from a broader perspective. It is, as the FSA indicates in its proposal, it is important to follow up the regulations for a time, but it can never replace a good foundation work where important social aspects have been investigated carefully at advance, “reads the criticism.

– I am concerned that the regulation of amortization requirements is managed as a trial balloon this way, it is after all about the individual household economy. It had obviously been both safer and more legally secure to investigate this properly from the beginning as part of a legislative process, quoted Stefan Holgersson in a press release.

Beyond the legal critique, is also another criticism the effects of amortization requirement, which is expressed by, among other things Bankers Association and Riksbanekn. There is challenged to newly built homes must be grace.

Bankers Association has estimated that there will be a “premium” to buy grace new construction, then it will be more expensive than comparable amorteringspliktigt stocks. It thus becomes an instant price drop in a new residence that bums sold and thus becomes amorteringspliktig, for example, after the owner’s divorce or change of place of work.

The Riksbank believes that the proposed repayment requirement is for mild from an international perspective, because the revaluation of the dwelling is allowed every five years on the basis of the general price trend in the housing market.
Riksbank also dislike the banks the opportunity to provide exemptions from the amortization not to be regularly reviewed.