Banks overwhelmed with mortgage applications

This is due to a high demand for flats, but also new regulations on granting foreign loans, which came into power at the beginning of July. Independent financial advisor claim that GE Money Bank, MultiBank and Santander Consumer Bank are coping well with the current situation. "Some banks are not equipped or staffed to verify a flood of applications and they are facing difficulties in processing the backlog," said Pawel Adamiak, management board member of Dom Kredytowy Notus. According to statistics, interest in mortgage loans has never been higher. (Rzeczpospolita, pp. A1, B1) M.M.