Property buying guide for Czech Republic
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Mortgages in the Czech Republic

The Czech Republic offers some of Europe’s most favourable mortgage terms for foreign nationals. Buyers can take out loans to buy commissioned real estate or property under construction, and can also refinance existing mortgages in the country.

Maximum LTV ratio 60% for loans of less than 5 million Czech korunas* or 50% for loans of upwardsof 5 million Czech korunas
Minimum and maximumloan amounts Not defined
Rates From 2.49% to 2.79%
Loan term Up to 20 years
Minimum age of borrower 18
Maximum age of borrowerby the end of the loan term 67

Documents

Mortgage applications in the Czech Republic require the following documents:

  • employment agreement (preferably a permanent one)
  • cash vouchers or personal account statements confirming salary for the previous six months
  • proof of salary on the bank's form
  • mortgage application
  • property insurance contract
  • passport copy

All foreign-language documents must be translated into Czech.

Loan applications usually take 4-6 weeks for approval.

Extra costs

Non-recurring mortgage costs in the Czech Republic reach 50,000-60,000 Czech korunas.

Mortgage processing fee 25
Notary fee 12-20
Court interpreter fee(the interpreter's services are needed at the time of signing a notarial protocol) 2
Translation of documentsinto Czech 4-8
Property insurance(per annum) 5-6*
Encumbrance registration fee 2
Assessment of commissionedproperty 3.9
Assessment of propertyunder construction 4.4+1.5 once the property is commissioned

*The amount depends on the property value, location and condition.

Extraordinary mortgage payments can be made without limit with a penalty equal to 10% of the extraordinary payment amount.

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    Property buying guide for Czech Republic
    Article 3 of 6
    Tranio’s managers offer advice on buying real estate in the Czech Republic
    Inna Klimaeva
    Inna Klimaeva
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