In the clip you hear private economist Magnus Åström at Swedbank in Jönköping tell us what it means.

Since the new amortization requirements were introduced in 2015, mortgage borrowers are now better equipped and have larger margins, according to the Swedish Financial Supervisory Authority. But despite this, there are many who have strained household checkouts. Therefore, Finansinspektionen now offers the possibility for banks to offer amortization freedom to those who apply.

Every tenth lacks savings buffer

According to Magnus Åström, private economist at Swedbank in Jönköping, households are relatively well-equipped for a recession. Almost 80 percent state that they can save ten percent of their salary and 70 percent have a savings buffer of at least two months' salary.

But just under 30 per cent are outside the unemployment insurance fund, ten per cent have no savings buffer and 22 per cent state that they would manage financially for three months or even shorter if they became unemployed. This shows a survey by Sifo on behalf of Swedbank and the savings banks.

- Many can get it tough, says Magnus Åström and continues:

- Borrowing from this crisis will not be the right medicine.

Should have saved more during the boom

25 percent say that they cannot or do not know if they could stay in their existing home for twelve months if they became unemployed or permanently ill.

- The vast majority have gotten much better in recent years in connection with the boom, but at the same time, perhaps some should have saved more money during that time, says Magnus Åström.