The Bank of Finland’s July 2026 money and banking statistics show that the average maturity of new housing loans, including buy-to-let mortgages, reached a record of nearly 25 years. The increase followed the extension of the maximum maturity for new housing loan agreements from 30 to 40 years in June. New housing loan drawdowns totaled EUR 1.2 billion, down 6% from a year earlier, while their average interest rate rose to 3.28% from 2.74% in July 2025. The average maturity of new owner-occupied housing loans reached 25 years and three months, up from 23 years and 10 months in May. More than 16% had maturities exceeding 30 years, compared with 6% in May. The housing loan stock stood at EUR 105.4 billion, down 0.2% year on year, while the stock of household deposits was EUR 118.0 billion, up 2.9%.
2026-08-28Bank of Finland
Bank of Finland reports record housing loan maturities as new lending falls 6%
The Bank of Finland reported that average housing loan maturities reached a record of nearly 25 years after the maximum permitted maturity was extended to 40 years. New housing loan drawdowns fell 6% year on year to EUR 1.2 billion, while the average interest rate rose to 3.28%.