In 2010, FI set a so-called debt ceiling for mortgages where it was not allowed to have a higher loan-to-value ratio than 85%. This caused the households with the largest debts to start paying on their mortgages, and it has also meant that there are fewer households that are heavily mortgaged. However, they still think that we Swedes have some pretty high debt so more measures can come.
Although FI considers Swedish banks to be fairly stable, they do not want to risk problems in the future. The Swedes still have a little too high debt and this is especially true for mortgages. The measures that have been taken so far are the debt, where one must not have a larger mortgage loan than 85% and also a strong recommendation to repay his loan.
FI therefore says that it is conceivable that further measures will be taken to get people to reduce their debts, and above all mortgage loans. This can be in the form of a lowered mortgage ceiling or that the requirements for repaying their mortgages go from being recommendations (as it is now) to being mandatory.
We Swedes still have quite high mortgages and although there is no acute risk of problems, you do not want to risk anything. By further measures of this kind, one wants to secure the future so that the banks do not turn out badly.
Although the banks are stable, they borrow a lot of money from abroad. Borrowing amounts to approximately SEK 2 billion annually, which corresponds to about 50% of Sweden’s GDP. According to FI, the banks are quite vulnerable in the event of financial problems.
Economic problems in Europe, together with some type of housing crash, could upset even the most stable banks and lead to a recession. Of course, this is something that people want to avoid and that is why FI has started to look for solutions to prevent banks from sitting in this type of position.