Refinancing of adjustable-rate mortgage loans in social housing
The Ministry of Transport, Building, and Housing decides in detail which types of loans will be used for the refinancing of adjustable-rate mortgage loans in social housing, cf. the Act on Social Housing (almenboligloven).
At the end of the fourth quarter of 2017, the total refinancing of adjustable-rate mortgage loans in social housing amounts to approximately DKK 3.7 billion.
The loans will be refinanced with mortgage bonds issued in the 1-year maturity segment.
This means that loans worth DKK 3.7 billion will be changed from a 5-year interest fixing period to a 1-year interest fixing period.
From 1 January 2018 adjustable-rate mortgage loans with a 1-year interest fixing period will be used to finance new social housing.
Yours sincerely
Lise Heinesen
Head of Division
