(AFX UK Focus) 2010-05-05 10:00 UPDATE 1-Swedish FSA seeks 85 pct loan/value mortgage limit

(AFX UK Focus) 2010-05-05 10:00 UPDATE 1-Swedish FSA seeks 85 pct loan/value mortgage limit
STOCKHOLM, May 5 (Reuters) - Sweden’s top financial regulator took aim at the country’s booming property market with a proposal on Tuesday that banks limit the value of home loans to 85 percent of a property’s value. Swedish policymakers and regulators have been increasingly concerned about rising household debt levels and fast-rising property prices despite the economic downturn, and are keen …

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This entry was posted on Saturday, May 8th, 2010 at 4:37 pm and is filed under Mortgages. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.