Minister of Housing Stef Blok sees nothing in the opinion of the Financial Stabiliteitscomité (FSC) to cap a mortgage at 90% of the house value. The government, he says, the problems in the housing market already addressed at an early stage. “I see no reason to do more.”
The FSC will further reduce borrowing limit. What do you do with that opinion?
“We will not do. As a cabinet or have not taken a set of measures, and that was needed. We have said loosely, and we have the maximum mortgage set at 100%. Before the crisis, it was sometimes 140%. There was a lot of unrest and criticism of the plans, but the housing market has since recovered strongly. We do not go every few years new measures throw on top. ”
The FSC says that it is necessary because the danger of remaining debt is too large, and because banks can finance themselves harder High mortgage.
“It was a risk before this government came up with measures. In 2012, the Dutch housing market was infected. Foreign banks had withdrawn. Meanwhile, the market is calmer waters. There has been much more competition from foreign parties and pension
You say. With mandatory redemption and ceiling 100% of the risks are sufficiently covered?
“Yes. The arrival of the new parties shows that they have also abroad confidence in the mortgage market. ”
This government does not take the advice. But can of course set up a committee to prepare for the next government.
“That you hear me certainly not say. This government has taken action very quickly, because consumers wanted clarity. You see being sold by a combination of brightness and low interest rates, more homes, the carpenter is called, and so on. There hang incredible jobs to the housing market. “
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