New rules for early repayment will apply to mortgage contracts signed from September 1, 2024. What will the new conditions be? How much will banks be able to charge and how will it be in practice?
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Since the beginning of the year, we have seen interest rates fall, and this trend is expected to strengthen even more through the spring months. The next meeting of the Czech National Bank ("CNB") is already tomorrow, March 20, 2024, and further reductions in basic interest rates are expected. Mortgage banks will most likely respond to this again...
The Amendment to the Consumer Credit Act will come into effect on September 1, 2024. What impact does this have (and will have) on the mortgage market?
Last week, the Banking Council of the Czech National Bank ("CNB") deactivated the upper limit of the DTI indicator with effect from January 1, 2024.
If you consider buying a property in the Czech Republic there are several options how you can do it. Our clients use most frequently the below stated:
What are the expected mortgage interest rates for the rest of this year? Is it worth waiting to buy a property for more favorable rates in 2024? And what decline in interest rates can be expected?
Abolition of the DSTI parameter restricting the provision of mortgages. What will be the effects?
At its meeting on June 1, 2023, the Czech National Bank (CNB) canceled the obligation to comply with the DSTI parameter, which will change the rules for providing mortgage loans.
Applying for a mortgage in the Czech Republic might be confusing for expats / foreigners due to the Czech bureaucracy, processes in banks, specific buying process of purchasing a property or just because of the language barriers.
During the month of April, the transfer of the loan portfolio from Sberbank to Ceska sporitelna will be completed, and from May 1, 2023, Ceska sporitelna will fully serve Sberbank's loan clients.
A discount on the purchase price of the property can be more efficient than a lower interest rate
The possibility to negotiate the purchase price of real estate is currently a well known term, especially in the situation when mortgages are not getting any cheaper. Can a possible discount from the purchase price of the property compensate for the higher interest rate of the mortgage?