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Mortgage for foreigners in czech republic

Foreigners and buying property in the Czech Republic

When you find yourself in a foreign country, everything can seem like a wild labyrinth. New language, new laws, new culture and so on. But what if the country is your new home and you long for a place of your own? Yes, we're talking about getting a mortgage for foreigners in the Czech Republic.
But you have no idea how it works with a mortgage for foreigners in the Czech Republic. Is it even possible? What are the conditions? How long does it take? And what all do you need?
If these are the questions you're asking, you've come to the right place. I've put together a guide that will take you through the process of getting a mortgage for foreigners and give you all the information you need.
There are many questions that foreigners might have in this area


Is it possible to get a mortgage as a foreigner in the Czech Republic?

Yes, it is possible. Czech banks offer mortgages for foreigners, whether they are permanent or long-term residents. Mortgages for foreigners without permanent residency can be a bit more complicated, but with good planning and advice, everything is manageable.

What are the conditions for obtaining a mortgage for foreigners in the Czech Republic?

The conditions may vary depending on the bank, but the basic requirements include permanent or temporary residency in the Czech Republic and a steady income. The details of these conditions can be complex, but don't worry, we will explain everything to you in a precise and understandable manner.
Income is usually documented from employment or business.
Another criterion is age (the maximum maturity of the mortgage is up to 75 years of age of the client). The client's overall economic situation is also assessed (ability to repay the mortgage)

What is the process of obtaining a mortgage for foreigners in the Czech Republic?

The process of obtaining a mortgage can be a bit complicated, but with a little determination and the right information, everything is manageable. The next step is filling out the contact form on our website below. I will contact you as soon as possible to find out more information about you and your situation. The next step is gathering the necessary documents (ID, bank statements, income documents) and filling out the mortgage application.

What documents are needed to obtain a mortgage for a foreigner in the Czech Republic?

  • Identity documents: passport, ID card
  • Your income: how much is it per month, where does it come from (business, employment), tax returns and bank statements

What are the interest rates for mortgages for foreigners in the Czech Republic?

Interest rates may vary depending on the specific bank and your financial situation. Currently they are around 5% - 7%

Are there any fees associated with a mortgage for foreigners in the Czech Republic?

Yes, there are. These fees include, for example, a fee for the assessment of the market value of the property (CZK 5,000 to CZK 8,000), a fee for maintaining a loan account. Other larger fees are, for example, costs associated with attorney services, translation of the purchase contract, translation of the employment contract, etc.

How long does it take to get a mortgage for a foreigner in the Czech Republic?

It usually takes one month to collect the documents. Once the client has selected a property, final approval and purchase takes about 30 days.

What is the minimum amount of own financial resources when applying for a mortgage for foreigners?

The minimum own financial contribution varies by bank and specific product, but is usually between 10%-20% of the property price.

What is the advantage (added value) of your company?

We always try to find the most advantageous and ideal option for the client. We cooperate with all banks on the Czech market. We always give clients a comparison of options. We also help clients in communication with real estate agents, provide basic legal advice.

What are my options if I cannot get a mortgage loan now?

Even in these cases we can arrange a loan for the client. We have a range of non-bank loans and mortgages available. Another option is to use our "rent-to-own solution". Simply put, you look for a property, our business partner (investment company) buys it for you and you pay rent instead of mortgage payments. When you are able to realise the mortgage loan, you buy the property back into your ownership at any time for free. Details of this solution can be found here.

Interested in buying your own property in the Czech Republic? Do you want to get a full service mortgage?

Simply fill out the contact form below and we will get back to you no later than the next day.

The author of this article is an expert in the financial market and has many years of experience in helping foreigners obtain mortgages in the Czech Republic

Best regards
Lubos Kolar
CEO, mortgage advisor, non-banking advisor with long-term residence

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