It is in a debate article in DN Debatt that Finansinspektionen's Director General Erik Thedéen tells that the amortization freedom on mortgages will be removed in August.
"
When debts continue to rise in an environment that is more uncertain than when the amortization requirements were decided, it is time to tighten the brakes
," he writes.
Indebtedness is rising
The amortization freedom, which means that households that want to be able to avoid repaying their loans, was introduced by the Swedish Financial Supervisory Authority in April last year.
The reason was that people got worse personal finances due to the pandemic,
"The
corona crisis is not over, but as our survey shows, indebtedness is now rising.
At the same time, prices in parts of the housing market are rising, which will lead to continued rising indebtedness
", writes Erik Thedéen and continues:
"
As I have just stated, there is a risk that a belief that prices can only go up lays the groundwork for a rapid and unpleasant turnaround."