People who have taken out mortgages denominated in foreign currencies and later extend the maturity will be expected to repay the remainder of their loans in a lump sum when they reach the age of 75, daily Népszabadság said on Thursday.
The paper quoted a recent decision by the Economy Ministry stating that all loans must be repaid by the time borrowers reach 75.
The decision affects those who opt to join a government programme which enables borrowers to repay their foreign currency denominated loans to the bank at a fixed exchange rate. The difference is accumulated on a separate account and must be repaid by the start of 2015.