Arranging a mortgage for foreigners is not always difficult

If you have a foreign nationality, then banks will look at you more strictly than the Czech citizens, and you will be required to have more documents to settle the mortgage loan.

Foreign citizens are perceived by banks as being more risky, and therefore banks are scrutinizing this and demanding additional evidence. In general, foreigners are being looked at through a stricter viewer than Czech applicants, for example in terms of minimum income standard for living.

Factors influencing the probability of obtaining a loan are several: the applicant's nationality, the type of residence of the applicant here, in the Czech Republic, the source and type of income, the amount of own resources and also whether the foreigner applies for a loan himself or, as the case may be, with a Czech spouse.

Generally, banks seem to be more tolerant to EU applicants with their income from the Czech Republic, preferrably with permanent residence in our country and at least 10% of their own resources. On the contrary, it is much more difficult for applicants from so-called risky countries whose list varies from one bank to another, and in this case, applications are judged more strictly than in the previous case.

If you have a foreign nationality or if your spouse is a foreign citizen, then please make sure to contact us, you will be saving yourself  a lot of trouble negotiating with individual banks or looking up their Terms and Conditions. Just fill out this form for new users.