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 ratio60% for loans of less than 5 million Czech korunas* or 50% for loans of upwardsof 5 million Czech korunasMinimum and maximumloan amountsNot definedRatesFrom 2.49% to 2.79%Loan termUp to 20 yearsMinimum age of borrower18Maximum age of borrowerby the end of the loan term67 *1 CZK = 0.037 EUR (November 2016) 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 fee25Notary fee12-20Court interpreter fee(the interpreter's services are needed at the time of signing a notarial protocol)2Translation of documentsinto Czech4-8Property insurance(per annum)5-6*Encumbrance registration fee2Assessment of commissionedproperty3.9Assessment of propertyunder construction4.4+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.

Mortgages in the Czech Republic

Article snippet
Tranio Timura Frunze str., 20, build 3, Moscow, Russia, 119021 +44 17 4822 0039
Tranio logo
Property buying guide for Czech Republic
Article 3 of 6
Overseas property
Articles
Articles about a property in the Czech Republic
Markets & Prices

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

*1 CZK = 0.037 EUR (November 2016)

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.

Subscribe not to miss new articles

We will send you a content digest not more than once a week

Subscribe
    By subscribing you accept the User agreement

    Done!

    Property buying guide for Czech Republic
    Article 3 of 6
    Tranio’s managers offer advice on buying real estate in the Czech Republic
    Marina Filichkina
    Marina Filichkina
    Head of Sales
    +44 17 4822 0039
    Send a request
      When you submit a request, you agree to our terms and conditions
      • 0% commission to Tranio
      • Residence permit support
      • Mortgage rates from 2.5%
      Ask a question

      Ask a question

      Send a request
        When you submit a request, you agree to our terms and conditions