New mortgage-borrowers have an increasing amount of debt relative to income

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Title: New mortgage-borrowers have an increasing amount of debt relative to income
Author: Putkuri, Hanna ; Voutilainen, Ville
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 95
Series number: 1/2021
Year of publication: 2021
Publication date: 4.5.2021
Pages: 36-47
Subject (yso): asuntolainat; sääntely; kotitaloudet (organisaatiot); velkaantuminen; lainat (rahasumma)
Keywords: Suomi; velkakatto; enimmäisvelkasuhde; rahoitusvakaus; velka-tulosuhteet
Other keywords: Finland; debt-to-income cap; maximum debt-to-income ratio; financial stability; housing loans; indebtedness
Abstract: New mortgage-borrowers’ total debt relative to income has increased in recent years. A higher proportion of new loans for house purchase are granted to highly indebted households relative to income. High debt-to-income ratios are less common in the case of first-home loans than in regard to other new housing loans. High debt-to-income ratios are more common in growth centres than elsewhere in Finland. The proposed debt-to-income cap would curb growth in indebtedness relative to income.
Note: The accessible version: https://www.bofbulletin.fi/en/2021/1/new-mortgage-borrowers-have-an-increasing-amount-of-debt-relative-to-income/
Link: http://www.bofbulletin.fi/
Rights: https://helda.helsinki.fi/bof/copyright


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