RT supports all the proposals now made and has long proposed easing the regulation of housing finance, such as the duration of housing loans and the use of housing company loans. RT also considers it important that all the flexibilities and easings now on the table are implemented in a decree on a rapid schedule, so that the effects are transmitted as growth measures to the housing market.
The proposals being made now are based on the policies of Prime Minister Petteri Orpo's government in spring 2025 as part of the mid-term growth measures and related to the reform of housing finance regulations as follows:
- The Financial Supervisory Authority is allowed to set the mortgage loan ceiling at a maximum of 95 percent instead of the current 90 percent.
- The maximum duration of housing loans will be increased from 30 to 35 years.
- A new regulation will be issued regarding housing company loans, which will make it possible to change the maximum lending rate for housing company loans to between 60-70 percent, the duration of the repayment holiday to between 1-2 years, and the maximum loan term to between 30-35 years; the regulation of housing company loans is intended to remain in force in other respects.
RT supports all of the above proposals. In RT's view, the conditions for an "exceptional downturn in the housing market" are met when housing production is at a historically low level. In addition to the changes being made now, RT considers it important to further promote the overall development of housing construction and to review the role of the Financial Supervisory Authority, as outlined by the Finnish government in its mid-term elections.