Poland Tightens Mortgage Rules for Foreigners: Banks Reject Applications

Recent changes to mortgage lending policies in Poland have created uncertainty for foreign residents seeking to purchase property. Millennium Bank and Santander Bank have implemented stricter requirements, demanding proof of residency and rejecting applications from those with separate property ownership. This has left many foreign nationals struggling to secure financing for their homes. "These changes are making it significantly more difficult for foreigners to get mortgages," said one foreign resident. The changes impact not just individuals but also the local real estate market, causing concerns about affordability and market stability. Experts suggest that the changes are a response to recent economic shifts and a tightening of credit standards. The situation highlights the need for greater transparency and clarity in mortgage lending regulations to ensure fair access for all residents, regardless of nationality.