by Robin Petrásek | Jan 10, 2024 | News
Almost two years ago, the Czech National Bank (CNB) introduced three regulating parameters to limit how much the banks could lend customers (DSTI, DTI and LTV), which essentially considered personal debt and income against the mortgage value. This, along with...
by Robin Petrásek | Dec 18, 2023 | News
About 50% of property purchases are made with the help of a mortgage, despite relatively high-interest rates of around 5.5%. However, just because a bank has agreed to give you the mortgage, doesn’t mean it’s all smooth sailing from there. When you have financing from...
by Robin Petrásek | Dec 4, 2023 | News
Did you know that you can break your mortgage fixation, sell your property, and refinance anytime, even if you fixed with the bank for three, five, or eight years or so? The bank must allow you to close the mortgage prematurely… for a cost. And there is a big change...
by Robin Petrásek | Nov 13, 2023 | News
A new bank is in the final stages of preparation before going live, and it could soon be offering mortgages. Partners Bank received its license from the Czech National Bank in August, and its backers expect to launch publicly in March. Initially, it will offer the...
by Robin Petrásek | Jun 7, 2023 | News
Finally good news for those considering getting a mortgage: the Czech National Bank (CNB) is removing some restrictions from next month. Last week, CNB board members agreed to remove the DSTI (debt-service-to-income) restriction, which was introduced in...
by Robin Petrásek | Mar 10, 2023 | News
As someone who has been keeping an eye on the real estate market in the Czech Republic, I wasn’t as surprised as some to see a significant drop in apartment prices last year. This trend was particularly noticeable in older buildings, while the number of...
