Tighter mortgage rules will not damage housing market: minister

The effect of tighter mortgage regulations on the housing market are expected to be limited, particularly if the new rules are introduced quickly, finance minister Jan Kees de Jager told parliament on Tuesday in a written memo.

Financial services groups, who had previously reached agreement with the minister on tighter regulations, are now calling for a loosening of the rules and want more talks on avoiding total stagnation in the housing market.
But De Jager said in his memo that ‘postponing the new regulations just increases the risk and leads to uncertainty.’
Parliament will debate the subject on Wednesday.

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