Norway eases loan-to-value mortgage limit to 90%

Sparebank 1 Sor-Norge ASA

04/12/2024 06:05

OSLO, Dec 4 (Reuters) - The Norwegian government will
ease its loan-to-value restriction on mortgage lending, the
finance ministry said on Wednesday, loosening a policy that had
led to a decline in the construction of new homes.
    The revised rule set a maximum loan-to-value mortgage ratio
of 90%, up from 85% previously, requiring borrowers to put up
10% equity when buying a home, down from 15% previously.

 (Reporting by Terje Solsvik, editing by Louise Rasmussen)
 ((terje.solsvik@thomsonreuters.com; +47 918 666 70;))