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 |
515,000 €
Total area 142 m² 3 bedrooms
317,000 €
Total area 81 m² 2 bedrooms
737,000 €
Total area 181 m² 3 bedrooms
363,000 €
Total area 103 m² 1 bedroom
426,000 €
Total area 135 m²
309,000 €
Total area 56 m² 2 bedrooms
395,000 €
Total area 64 m² 2 bedrooms
268,000 €
Total area 121 m² 2 bedrooms
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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