The Czech National Bank ("CNB") wil influence the maximum LTV (Loan to value) of the mortgages. The CNB recommends max 95% LTV from 1 October 2016 and max. 90% LTV from 1 April 2017. The true is, that this is only the recommendation, but the banks which will provide loans above this max. LTV settled by the CNB will need...
The interest rates of the mortgages are recordly low, because Czech banks have still attractive spring campaigns. This month is the best to take a mortgage for a variety of reasons.
Many banks which provide mortgages in the Czech Republic started spring campaigns last week. The campaigns are different, but with the same result for the clients: you will save money now.
If you were not able to find your dream property during the last year, where the interest rates of mortgages were extremely low in the Czech Republic, you will have another chance for a great conditions in 2016.
Based on the FINCENTRUM HYPOINDEX (https://www.hypoindex.cz) the average interest rate of mortgage loans decreased to 2.09% p.a. in November 2015 in the Czech Republic. The decreasing trend from the beginning of the year still continues.
This summer we can observe a changing trend of the interest rates in the Czech Republic. Two of the Czech Top 3 banks increased its interest rates in June. The third bank from Top 3 will increase the interest rates during the first half of September. Does it mean that we are at the beginning of a new increasing trend?...
The interest rates may unpleasantly increase after the fixation period. Think of it already in the negotiation of mortgages, and consider everything well.
Based on the FINCENTRUM HYPOINDEX (https://www.hypoindex.cz) the average interest rate of mortgage loans decreased to 2.11% p.a. in April 2015 in the Czech Republic. The decreasing trend from the beginning of the year continues.
Based on the FINCENTRUM HYPOINDEX (https://www.hypoindex.cz) the average interest rate of mortgage loans decreased to 2.16% p.a. in March 2015 in the Czech Republic. This year´s decreasing trend is also obvious as in the last year 2014.
