Mortgages for buying a property in the Czech Republic

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If you are considering buying a property in the Czech Republic,  mortgages are available for the majority of Nationalities for either House Purchase or remortgage for Home Improvements and other purposes on a case-by-case basis.

Loans for non-Czech Nationals can currently only be arranged by purchasing in the name of a Czech Limited Liability Company - details on request.

Types of Czech Mortgage: Repayment only.

Minimum Loan Amount: CzK800,000, No Maximum, but must not exceed 85% of valuation or purchase price (whichever is the lower).

Proof of Income: There are no non-status/self-certification mortgage facilities available in the Czech Republic (although renting out your property is permitted). All Czech mortgages need to be supported by proof of income.

Employed - copies of your last three month's payslips & copies of your latest P60/Employer’s Reference together with copies of your last 6 month’s Personal Bank Statements will be required.

Self-employed - copies of your last three years Audited Accounts & copies of both your last 12 month's Business and last 6 month’s Personal Bank Statements will be required on application.

In the Czech Republic, lenders will NOT take any proposed Rental Income from the property into account for Czech mortgage purposes.

Income can be made up of Earned Income, Pension, Investment or Rental Income. Please note however, that the Lender may not take all or part of these Incomes into account when determining the maximum loan available.

Term:  5 years; Maximum 20 years - up to age 70

Currency: Czech Crowns only