LTV ratios edge lower, mortgage maturities get longer

Banking

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Loan-to-value ratios for home mortgages are declining, while borrowers take out loans with longer maturities, state news wire MTI writes, citing a report by listed real estate broker Duna House.

The report shows the average LTV for a home mortgage stood at 38% in the fourth quarter, down from 42% in Q1 2021.

Depending on the region of the country, between 80% and 91% of home mortgages people signed for in Q4 had maturities of ten years or more, up from 77%-89% early in the year. The remaining loans had runs of over five years, but under 10.

A little over one-fifth of mortgage borrowers availed of the government's CSOK home subsidies for families raising children.

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