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This month marks a major milestone for us at MortgageSpecialist.cz – we're celebrating our 10-Year Anniversary!

Being your own boss comes with freedom, but it can also make getting a mortgage in the Czech Republic feel like a challenge. If you're self-employed, a freelancer, or running a small business, you may have already heard that Czech banks can be stricter when it comes to approving mortgage applications from non-salaried clients.

Buying a home in the Czech Republic is an exciting journey, but it can also feel overwhelming—especially for expats unfamiliar with the local market, regulations, and language. At Mortgage Specialist, we offer a full-service solution to guide you through every step of your home purchase, ensuring a smooth and stress-free experience.

The Czech mortgage market has shown notable stability in recent months, offering a valuable opportunity for prospective borrowers to assess their options. Below, we provide a comprehensive overview of current trends and key data points shaping the market.

When the interest rates of the mortgages were at the level of 2% p.a. there were plenty of clients who took the mortgage even they did not need. Mostly the clients said that they can invest their own savings and get a significantly higher return than 2% so why they should use their own money for buying a...

New rules for early repayment will apply to mortgage contracts signed from September 1, 2024. What will the new conditions be? How much will banks be able to charge and how will it be in practice?

Since the beginning of the year, we have seen interest rates fall, and this trend is expected to strengthen even more through the spring months. The next meeting of the Czech National Bank ("CNB") is already tomorrow, March 20, 2024, and further reductions in basic interest rates are expected. Mortgage banks will most likely respond to this again...

The Amendment to the Consumer Credit Act will come into effect on September 1, 2024. What impact does this have (and will have) on the mortgage market?

Last week, the Banking Council of the Czech National Bank ("CNB") deactivated the upper limit of the DTI indicator with effect from January 1, 2024.

If you consider buying a property in the Czech Republic there are several options how you can do it. Our clients use most frequently the below stated: