Refinancing of adjustable-rate mortgage loans in social housing
The Ministry of Housing, Urban and Rural Affairs 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 2014, the total refinancing of adjustable-rate mortgage loans in social housing amounts to approximately DKK 11.7 billion.
The loans will be refinanced with mortgage bonds worth around DKK 11.7 billion issued in the 5-year maturity segment.
This means that the interest fixing period of these loans will remain unchanged.
From 1 January 2015 fixed-rate mortgage loans with a maturity of 30 years will be used to finance new social housing.
Yours sincerely
Lise Nielsen
Head of Division