By Reuters Staff
(Corrects name of agency in second paragraph.)
STOCKHOLM, March 24 (Reuters) - Swedish rules on repaying mortgage debt, which were suspended last spring to help households remain solvent amid the coronavirus pandemic, will resume in September, the country’s financial regulator said on Wednesday.
The mortgage break was used by 230,000 borrowers, but with household debt rising in 2020, a return to stricter rules was needed, particularly as the wider economy had stabilised after the shock of the virus, the Swedish Financial Supervisory Authority said in a report.
“The macroeconomic development has stabilised . therefore,(FSA) makes the assessment that the temporary exemption will not be extended; it will expire on 31 August 2021,” the watchdog said.
Insurance business in Sweden from a cross-border perspective
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