Effective 1 April 2022, the Czech National Bank has tightened the limits of credit indicators for mortgage lending. The stricter conditions will make it more difficult or impossible for up to a tenth of applicants to access a mortgage. Read on to find out what new rules you need to meet to get a mortgage without problems.
Last year, the interest in real estate was enormous. Anyone acquiring ownership of a property in 2021 must file a real estate tax return by the end of January this year. Read on to find out when and how to pay the tax assessed.
Are you approaching 30 and no longer want to live with your parents or friends in a rented apartment? Are you planning to start your own family? Are you annoyed by rising rental prices? In these situations, many young people are considering buying their own apartment or house on a mortgage. We’ll show you how to finance your first home.
When approving a mortgage, banks require an estimate of the property’s value. Prepare all the necessary documents before you meet with an appraiser. Find out how a property appraisal works, what documents you can do without and how much you will pay for the appraisal.
There are a number of formalities involved in setting up a mortgage loan. One of them – a very important thing for the bank – is to find out what income the applicant has. The following lines describe what to look out for when declaring income.