BRUSSELS: The Federal Government will not implement the recommendations of the National Bank (NBB) on mortgage loans, local media reported.
The latter recommended that banks should strengthen their own funds when granting mortgages for more than 80% of the value of properties.
The idea has aroused a lot of political emotion in recent weeks, the Walloon government fearing a decision contrary to its policy of access to property.
A citizen petition has also circulated a measure for denunciation that would compel candidates to acquire at least 20% equity. “Fake news”, replied Prime Minister Charles Michel. According to the paper, no agreement will be reached with the federal government to implement this recommendation.
