FINANCING

Acquisition of an apartment is for some of us a life investment, while for others it is just another investment opportunity. Whether you are a future resident or investor, the most common way of paying the purchase price of a property is a mortgage loan. We will be happy to arrange for you the entire mortgage loan process.

The procedure for buying a condominium

  • Choosing the right apartment
  • Signing of the Reservation Agreement and payment of the reservation fee 100 000 Kč
  • Signing the agreement on future agreement of the cooperative share transfer and paying the deposit for the purchase price within 60 days of the reservation
  • Completion and approval of the construction
  • Conclusion of the Cooperative Share Transfer Agreement within 60 days of the approval
  • Reimbursement of the remainder of the purchase price for the transfer of the cooperative share
  • Handing over the apartment
  • Moving in
  • Transfer of the apartment to private ownership

Pre-mortgage and mortgage loan with pledge of the apartment being purchased

  • Signing an application for a pre-mortgage and mortgage loan
  • Bank’s estimate of the mortgaged real estate price
  • Approval of the pre-mortgage and mortgage loan
  • The client fulfils the conditions for drawing the pre-mortgage and mortgage loan
  • Drawing of the funds
  • Transfer of the apartment to private ownership
  • Pledge of the apartment to the bank - the pre-mortgage loan turns into the mortgage loan
  • Repayment of the mortgage loan

Mortgage loan with pledge of other real estate property

  • Signing an application for a mortgage loan
  • Bank’s estimate of the mortgaged real estate price
  • Bank’s approval of the mortgage loan
  • The client fulfils the conditions for drawing the mortgage loan
  • Drawing of the funds from the mortgage loan
  • Repayment of the mortgage loan

Recommended credit advisor

Gabriela Svobodová

+420 606 223 004
svobodova.gabina@email.cz