Mortgages in the Czech Republic
The Czech Republic offers some
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 | |
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
Loan applications usually take
Extra costs
Mortgage processing fee | 25 |
Notary fee | |
Court interpreter fee |
2 |
Translation of documentsinto Czech | |
Property insurance(per annum) | |
Encumbrance registration fee | 2 |
Assessment of commissionedproperty | 3.9 |
Assessment of propertyunder construction |
Extraordinary mortgage payments can be made without limit with a penalty equal to 10% of the extraordinary payment amount.
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