Separating buy-to-let mortgages from other housing loans provides a clearer look into household debt
Aaltonen, Markus (04.05.2021)
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-202105251250
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.
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/