Stricter mortgage rules also apply to refinancing

03-10-2018

Stricter mortgage rules, in force since October, apply not only to new contracts but also to refinancing existing housing loans, the business daily Hospodářské noviny writes, citing a central bank spokesperson.

According to the report, this is in direct contradiction with what the Czech National Bank governor Jiří Rusnok said in June, taking some commercial lenders by surprise.