How to get a mortgage in the Czech Republic?

Are you deciding to take a mortgage in the Czech Republic and trying to find the best way of process? We will give you a few tips how to get it in today´s article.

Mortgage in the Czech Republic

Firstly, we specify why you should look for a mortgage here in the Czech Republic. There could be several reasons such as buying apartment for own living, building the house, buying rental apartment for investment purpose, do the reconstruction, cash-back the money for another intention from your property located in the Czech Republic and so on.

Generally the interest rates are around 2% p.a. in Czechia so we could say that the conditions of financing are really friendly nowadays.

How to start the mortgage process?

As for the foreigner we would highly recommend you to meet an experienced mortgage broker who knows the Czech market and will be able to help you with the process. You could truly save a lot of time and money with his help.


Mortgage application and approval

Based on the meeting with the mortgage broker you will choose the right bank for you and fill the mortgage application together. Moreover, you will need to provide the acceptable income for the bank and based on this key information the bank will review your mortgage request.


Evaluation and signing the contracts

If everything is fine the mortgage broker will order bank´s evaluator and prepare the documentation for signing. Then you will meet at the bank for signing the mortgage contract.


If you are looking for the experienced mortgage broker with a lot of experience with the foreigners and expats please feel free to fill out the simple form here.