Publication presenting encumbrance of collateral for household mortgage loans based on data for 2025 Q4 is now available

The data reported for household mortgage lending have been derived from HITREG, the MNB’s Credit Register database. The publication presents the value of the so-called Loan-to-Value ratio (LTV: the ratio of the collateral value to the total amount of loan taken against it), which is used to measure the encumbrance of collateral for household mortgage loans, with regional and time-series charts.

 

The data for the fourth quarter of 2025 shows a significant change in the development of LTV values, mainly in terms of the increase in the proportion of mortgage loans provided at a value of 80-90 percent. This was largely driven by high demand of the Otthon Start Program, which was launched in September 2025. However, excessive household indebtedness and a manageable financial stability risk cannot still be identified.

 

To access the publication please follow this ^link.