31. 8. 2010
LBBW Bank continues with the special offer of the mortgages, which lasts from September 1st to October 30th, 2010. This campaign follows the successful campaign from June and July. The special offer consist of the advantageous interest rate, this time with 4-year fixation period for any type of mortgage for housing purposes including mortgage re-financing.
Special interest rate 3.99% p.a. is destined to any type of mortgage for housing purposes up to maximum 70% of the appraised real estate value (LTV) in the minimum amount of 1 million CZK and with 4 year fixing period. For mortgages with higher LTV then 70% a special advantageous interest rate 4.29% is applicable. To obtain these special interest rates, the product 5 for 50 Account is to be opened and the net income of the household should exceed 25,000 CZK.
This special offer follows the campaign which took place in June and July with very positive feedback. Results of the campaign exceeded the bank’s expectations. The sale of other banking products such as product packages or bank overdrafts also increased thanks to the campaign, the web page visits increased - when compared to the same period of the last year the web page visits soared by 60%, the time spent viewing the web pages rose as well.
„We have been positively surprised with the success of our campaign and the interest in the special offer of LBBW Bank. One of the key elements behind this success is the fixed special interest rates - if client fulfilled the conditions of the mortgage regarding the fixing period, LTV, amount and minimal household income, there was no problem obtaining the guaranteed interest rate. The same principles are also applied this time. I believe that the success of the campaign is the signal of the stabilization of the mortgage market and also a signal of possible revival of the economy as well as readiness of households to invest and spend their funds. I am curious to see whether this trend will be confirmed by this campaign,” says Henrik Pregel, Member of the Board of Directors of LBBW Bank CZ in charge of Individual Banking division.
More information about mortgages can be obtained at tel. 800 700 800 or at any LBBW Bank branch.
Press release for download: LBBW Bank continues with the campaign for support of mortgages for housing purposes