Separating buy-to-let mortgages from other housing loans provides a clearer look into household debt

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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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