Czech mortgage glossary
Lien (zástavní právo)
The bank's right to seize and sell the property if the client stops paying. It's registered in the real estate cadaster as a property right. It exists for the entire mortgage term and is removed only after full repayment. The lien is the reason mortgage rates are lower than for unsecured consumer loans.
Related terms
In-depth guide
Calculate your own situation
Instead of abstract definitions — enter your own parameters and see the result for yourself. No registration, no form, no salespeople.