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DEVELOPMENT FINANCING OPTIONS IN HOUSING
Kamencová, Aneta ; Adlofová, Petra (referee) ; Dohnal, Radek (advisor)
The main aim of my thesis is an analysis of the overall development of financing options for private housing, especially in the Czech Republic. The issue of housing solves most of us, at least once in their life. Investment in housing greatly exceeds our income, so it is necessary to the selection of type of housing, correctly decided on its method of financing itself. The statistics which are in the Czech Republic's disposal indicates that the total expenditures of Czech households, housing costs are up to 1/4. Compare the different products occurring in the Czech market, which are intended to finance housing (building savings, mortgage loans, ...). It depends on the consideration of each of us, whether we use a different funding source, such as your own saved money or loans from friends or family members.
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Household Debt in the Czech Republic: Focus on Mortgage Amount Determinants
Mittigová, Patricie ; Cahlík, Tomáš (advisor) ; Princ, Michael (referee)
The growth of household indebtedness in the last decade led to more attention paid to this issue since it could threaten the stability of financial system in the future. In the Czech Republic, this rise is mainly caused by the increased number of mortgage loans, which are usually the largest financial burden that debtors have to repay. For that reason, I focus on mortgages since their growth has been the most significant in comparison with other loan types. The aim of this thesis is to analyse how personal characteristics affect one's decision on the amount they choose to borrow in order to finance their housing needs. For this purpose, I performed a multiple regression analysis applying several estimation methods. By examining a random sample of ČSOB clients who have taken out a mortgage, I discovered that person's income, age, marital status, education and region a person lives in are significant factors affecting debtor's choice about how much they borrow. Conversely, the number of children affects the amount borrowed only at higher quantiles of the distribution, whereas it is not a significant factor at lower quantiles. This thesis complements rather a limited number of studies about the Czech household debt as it provides new findings about a borrower's decision. Powered by TCPDF (www.tcpdf.org)
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Effects of LTV, DTI and DSTI ratios on retail mortgage market. Evidence from the Czech Republic
Mičková, Anna ; Pečená, Magda (advisor) ; Hanus, Luboš (referee)
The thesis analyses the effects of credit-related borrower-based macroprudential measures - loan-to-value (LTV), debt-to-income (DTI) and debt service-to-income (DSTI) ratios - on retail mortgage market in the Czech Republic. These lending instruments, which target mainly borrowers and restrict the amount of money borrowed relative to the value of underlying collateral (LTV) or client's disposable income (DTI, DSTI), represent a non-negligible part of macroprudential policy. This entry barrier should act in a preventive manner to protect borrowers from taking high-amount and high-risk mortgages and eventually curb excessive private sector leverage. After the introduction and implementation of limits in the Czech Republic, the supply of loans with risky parameters declined, the share of non-performing mortgage loans decreased, and the rise in house price index decelerated. In 2019, the volume of new mortgage loans declined by 13.6 % year-over-year compared to the previous year and the spiral between increasing credit financing of property purchases and rising property prices slightly weakened.
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Lien as an Instrument for Securing Debt
PAVLŮ, Anna
The Institute of lien is often used by banks.It's the way to secure the repayment of the claim. The creditor can be, in case of defaults, satisfied by the monetization of the pledged thing. Empirical research was carried out by two types of questionnaire surveys. The first type was for consumers and the second one was for institutions providing loans. Both questionnaires were focused on mortgage loans and their specification e.g. the most requested amount or the most frequent repayment period. The results of the first questionnaire show that there is 13,6% unsuccessful mortgage loan in surveyed sample. Banks were asked about situation of a debtor's default, especially which steps the bank will take.57,1% of them said that there is 0-3% of mortgage loans which ends with an execution, rest of them answered 0-4%. Most of the respondents said that 0-3% of mortgage loans ends in auctions.
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Refinancing of mortgage and consumer loans
Gajdošová, Nicol ; Radová, Jarmila (advisor) ; Mazáček, David (referee)
The importance of consumer and mortgage loans is increasing every day. If we were not born under the lucky star, the only way how to get property ownership or other financially expensive things is to take a mortgage and a consumer loan. Times when young people were entitled to get apartments from the city, the village or the employer have gone. Loans are generally in the interest of economists, lenders and the general public, who can use them to buy a house, flat, car, etc. Especially today, when interest rates reach the historical bottom, many people get a loan. In time, however, they find out that costs are not just a repayment of the loan but also other expenses associated with the use of the purchased item. They start wondering how they could reduce the installment after the end of the interest rate and thus save some money a month. Here comes a very popular product like credit refinancing in another bank. Banks attract potential clients for very good annual savings, you just need to transfer the entire loan to them. My work includes the factors influencing mortgage and consumer credit, which is also related to refinancing. I deal with real model examples through the precise approach of three selected bank institutions in refinancing mortgage and consumer credit. The thesis describes in detail the procedure of institutions, interest rates and their conditions for transferring credit.
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The analysis of the effects of the new law on consumer credit on Czech Republic's mortgage market
Šándorová, Katarína ; Rajl, Jiří (advisor) ; Plíva, Rostislav (referee)
The main objective of this bachelor thesis is to study and analyse the effects of the new law no. 257/2016, on consumer credit on mortgage market in the Czech Republic. The thesis is describing the legislative framework of this law containing mortgage loans and the current situation on the czech mortgage market. The practical part is focused on an annual percentage rate of charge. It continues with the evaluation of the changes occurred in supply of credit of the selected banks before and after the new consumer credit law has became effective.
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Analysis of banking assets and liabilities of households in the Czech Republic
Rektorysová, Natália ; Teplý, Petr (advisor) ; Fučík, Vojtěch (referee)
Czech household, an important factor of the Czech banking sector, is considered to be a subject with a conservative approach in dealing with its financial funds. This bachelor thesis deals with a demonstrability of this status, acceleration of demands for loans and with analysis of banking assets and liabilities of households and their changes in time. The theoretical part describes key concepts and specifies basic framework needed for a further topic elaboration; it also specifies two key hypotheses: the first one is aimed at a household balance in time, the second one is focused on growth rate in relation to pensioners disposable income. The empiric part of the thesis is focused on loan development trends which represent household liabilities and deposits as household assets, accentuating the changes based on legislative steps, unexpected events on domestic market or world financial markets events. The end of the practical chapter summarises development tendencies and their substantiation. The conclusion summarises a contribution of the thesis, declares Czech household conservativism demonstrability and confirms the hypothesis of Czech household debt paradox.
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