Regulatory AlertsFinansinspektionen’s general guidelines on exemption from amortisation requirements on special grounds
Finansinspektionen issued these general guidelines to clarify when mortgage firms may grant time-limited exemptions from the statutory amortisation requirements for residential property loans. The document establishes that a severe downturn in the Swedish economy constitutes an extraordinary circumstance qualifying as special grounds for such exemptions. This regulatory framework aims to provide mortgagors with greater financial manoeuvrability during economic hardships.
Finansinspektionen’s general guidelines on exemption from amortisation requirements on special grounds
Repealed 2026-03-31 see FFFS
2026:3
Summary
The general guidelines clarify when a mortgage firm may grant a time-limited exemption from the requirement on amortisation set out in Finansinspektionen's regulations (FFFS 2016:16) regarding amortisation of loans collateralised by residential property. The general guidelines clarify that an extraordinary circumstance in the form of a severe downturn in the Swedish economy constitutes "special grounds" in the meaning used in the amortisation regulations. The possibility for mortgagors to be granted amortization exemption provides them with greater financial manoeuvrability.
Documents
FFFS 2020:3
Decision memorandum FFFS 2020:3