|
Do I qualify for a Czech Republic mortgage?
To qualify for a
mortgage in the Czech Republic, a calculation is used to establish whether you can afford to maintain the mortgage repayments. This will automatically happen when you complete the application form, and
Mortgage Helpline International won't charge you for this service.
How much can I borrow?
Calculation based on the valuation or purchase price, whichever is the lower
Up to 85% of LTV
available for house purchase, remortgage or home improvements
Based on joint net "take home" pay, where joint income is applicable
Existing liabilities, e.g. mortgage or rental payments, loans,
credit card payments and maintenance are taken into account, together with the proposed Czech Republic mortgage payments. All this must not exceed 40% of your monthly net income. Note that the lender
will consider historical rental income, and may take into consideration contracted future rental income into account
What evidence of income do I need?
If you are employed:
Your last
three month's payslips
Your latest P60 or Employers Reference
Your last six month's personal bank statements
If you are self-employed:
Your last two year's audited accounts
Your last
six month's business statements
Your last six month's personal bank statements.
Example mortgage payments
If, for example, your net joint monthly income is £2,500, 40% of this equates to
£1000. If your only liability is your mortgage payment, of say £300, this would leave a balance of £700 for your Czech Republic mortgage repayment
What types of Czech Republic mortgages are
available?
For our latest rates and to see the different types of Czech Republic mortgages on offer, please contact us.
Loans are available up to 80% of the property's value, in Czech Crowns
only
The minimum term of the loan is five years, with a maximum term of 20 years or age 70, whichever is the least
Repayment mortgages are available
The minimum loan you can take out is CZK
200,000
|
