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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.

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?

Are you planning to buy a property in the near future, but haven't found the right one just yet? Did you know that you can get a mortgage now and choose the property later?

In the Czech Republic, this type of mortgage gives you a sum of cash when you take it out. It can be used to refund money (own resources) you used in the past to buy a property. Reverse financing (cashback mortgage) can be used if you have renovated or purchased, for example, a family house, apartment unit or...

The principle of an offset mortgage consists in offsetting the account balance against the amount owed. The client thus pays interest only on the difference between the unpaid loan principal and the amount on the offset account. The balance on the offset account can change continuously, and the amount of interest paid changes according to...

It might seem that buying a property in the Czech Republic using a mortgage is not the best decision these days. The following reasons may convince you otherwise:

The sharp rise in interest rates that we have been experiencing for more than a year has stopped for now. On the interbank money market, interest rates are falling, which means the "price of money" is decreasing. At the same time, the Czech National Bank (CNB) at its August meeting in its new composition did not proceed to increase...

The Czech National Bank ("CNB") Board, headed by Governor Jiri Rusnok, met for the last time. The agenda of the meeting again included the adjustments of monetary policy, specifically the modification of the basic interest rate. It was decided that the rate would be increased from the original 5.75% to 7%. This is an increase in the rate of...

When the buyer decides to apply for a mortgage loan in order to pay the purchase price, he/she must take into account that at least 20% of the property price ( or 10% if he/she is an applicant under the age of 36) will be paid from the applicant's own resources. According to the new legal regulation applicable from...

At the beginning of April, new limits for mortgage loans entered into force. Having regard to the Act No. 6/1993 Coll., On the Czech National Bank (CNB), the CNB is entitled to regulate the parameters for the provision of mortgages. Banks are now obliged to comply with the new limits for DTI, DSTI and LTV parameters when...