The Czech National Bank eases mortgage restrictions

The Czech National Bank eases mortgage restrictions

It is not that long ago since the Czech National Bank introduced their regulations for these three parameters in order to slow down the market. Effective from 1.4.2020, they changed all of them in order to help people with borrowing. What does it mean for you exactly...
Czech National Bank cuts the two-week Repo rate to 1%

Czech National Bank cuts the two-week Repo rate to 1%

The Bank Board of the Czech National Bank lowered on Thursday 26.3.2020 the two-week repo rate (2W repo rate) from 1,75 > 1,00 %. At the same time, it lowered the Lombard rate to 2.00% and the discount rate to 0.05%. The new interest rate levels come into effect on...
Can I buy a “družstevní” flat with a mortgage?

Can I buy a “družstevní” flat with a mortgage?

“Can I finance a ‘družstevní’ flat?” is one of the most frequently asked questions amongst our clients. This topic might often look a bit too confusing for non-Czechs; that’s why we’ve put together this article to help you....