Czech mortgages – LTV decreasing

New rules being introduced by the Czech National Bank mean that soon Czech banks will no longer be legally able to offer 100% LTV mortgages (the max will be 95%). Then in April 2017 the max LTV will drop to 90%. The Czech National Bank has a longer term plan to reduce this to 85% LTV, in an attempt to cool the hot real estate market and stem potential future economic risks of people over extending themselves financially.

In practice the new rules primarily affect Czech citizens as foreign buyers typically can only get a max of 85% LTV.

Contact us for the latest conditions in the Czech mortgage market.