Private borrowing to be tightened from October

By: Trademagazin editor Date: 2018. 09. 07. 11:28

From October 1, the National Bank of Hungary regulates the percentage of income that a household can spend on repaying a loan. The goal is for more people to choose safer mortgage loans.

The lending regime to be completely transformed by autumn, but it is unlikely that this lending will have a negative effect.

Vincze Krisztián, head of the Credit Center of the GDN Real Estate Network, said that borrowing should take into account the income of those living in the household.

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