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Czech Republic
Q. How much mortgage can I have to buy a
property in the Czech Republic ?
In the Czech Republic, that there are no non-status/self-certification
mortgage facilities accepted by the lender. All Czech Republic mortgage
applications need to be supported by a minimum requirement of proof of
income. If employed, copies of your last three month's payslips or copies
of your last six months’ personal bank statements, & copies of your latest
P60/Employer’s Reference will be required. Alternatively if you are
self-employed, copies of your last two years Accounts & copies of both your
last 6 month's Business and Personal Bank Statements will be required on
application.
The Czech Republic mortgage lenders will consider historical rental income
and may take into consideration contractual future rental
income from the property in the Czech Republic for mortgage
purposes/repayments.
Your mortgage is based on your joint net “take home” pay and is calculated
on an affordability basis. All your existing liabilities including any
mortgage/rent payments, personal and bank loans and any maintenance (ie:
Divorce) payments together with your proposed Czech mortgage payments must
not exceed 40% of your net monthly income.
Czech Republic Mortgage Example:
Net joint monthly income £ 2,500 times 40% of that figure is £1,000 minus
existing monthly mortgage payment £ 300 – No other liabilities. This leaves
a balance of £700 for a proposed Czech Mortgage payment.
Mortgage details:
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Maximum loan to value 85%
·
Maximum term 20 years
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Czk 800,000 minimum loan
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Czech Crown mortgages only
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Repayment mortgages only
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Rates from approximately
4.30%
details are subject to change, so you must check with your
broker on the link above before committing |
