Sweden's Financial Supervisory Authority has launched a consultation on new general guidelines aimed at strengthening consumer protection in the mortgage market, including expectations that mortgage lenders warn customers before a time-limited mortgage interest rate discount ends. The consultation also covers new guidance on calculating interest rate differential compensation payable in certain cases when consumers prepay fixed-rate mortgages, with the package proposed to enter into force on 1 July 2025. The proposed mortgage discount guidance, linked to the good credit granting practice provision in Section 6 of the Consumer Credit Act (2010:1846), would mean lenders should inform consumers in writing at least one month before the discount is due to expire, so borrowers can actively renegotiate their rate. On early repayment compensation, the guidance is aligned with the government's proposal for a new standard calculation rule in the Consumer Credit Act, including that the swap rate should be used as the comparison rate, and it provides direction on how the swap rate should be calculated.

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