15:45 7 October 2025
Rework of mortgage loan agreements reaches final stages
Poland is finalizing a model mortgage contract launched by the European Financial Congress (EKF) to better protect both borrowers and banks and reduce future contract invalidations. The draft allows variable or periodically fixed rates (with scope to extend fixed terms) but lacks a “transfer period” for switching lenders. The Financial Ombudsman urges: make margin hikes (for dropping bundled services) optional with justification, require an annex for margin changes, allow more flexible payment holidays, extend withdrawal to 30 days, and lengthen deadlines for restructuring (30 days) and curing arrears (120 days). Banks (ZBP) seek fuller early-repayment compensation. How to enact the template is disputed: statute vs ministerial regulation.
Separately, UOKiK pursues a statutory fixed-rate template, targeted for 2026, though government adoption is uncertain due to potential state liability.
(pb.pl)
