Separating buy-to-let mortgages from other housing loans provides a clearer look into household debt
| Title: | Separating buy-to-let mortgages from other housing loans provides a clearer look into household debt |
| Author: | Aaltonen, Markus |
| 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: | 61-64 |
| Subject (yso): | asuntolainat; kotitaloudet (organisaatiot); velkaantuminen; asunnot; sijoitukset |
| Keywords: | sijoittaminen; sijoitusasuntolainat |
| Other keywords: | households; investment; housing loans; debt accumulation; buy-to-let mortgages |
| Abstract: | The stock of buy-to-let mortgages stood at EUR 8.1 billion at the end of March 2021, comprising 7.9% of the total stock of housing loans. It is estimated that buy-to-let mortgages have grown faster than the rest of the housing loan stock since the global financial crisis. Buy-to-let mortgages are smaller than residential mortgages and have shorter repayment periods. In March 2021 the average interest rate applied on new buy-to-let mortgages was higher than on residential mortgages, but lower than the rate applied on housing company loans. |
| Note: | The accessible: https://www.bofbulletin.fi/en/2021/1/separating-buy-to-let-mortgages-from-other-housing-loans-provides-a-clearer-look-into-household-debt/ |
| Link: |
http://www.bofbulletin.fi/
|
| Rights: | https://helda.helsinki.fi/bof/copyright |
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