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You are probably thinking of Sweden. I have heard it is actually more now, like 200 years (the article says 140 years). Maybe even excluding the mortgage of the
by hoaw 8y ago
You are probably thinking of Sweden. I have heard it is actually more now, like 200 years (the article says 140 years). Maybe even excluding the mortgage of the co-op. People are essentially renting from the banks, without any means to default. Apparently they have capped it at 105 years now for new mortgages. (People were actually a bit upset).
https://www.telegraph.co.uk/personal-banking/mortgages/sweden-cuts-maximum-mortgage-term-to-105-years-the-average-is-14/ https://www.telegraph.co.uk/personal-banking/mortgages/swede...