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
- V případě vašeho zájmu je možné byt převést kdykoliv do osobního vlastnictví nebo si ponechat družstevní podíl
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
- V případě vašeho zájmu je možné byt převést kdykoliv do osobního vlastnictví nebo si ponechat družstevní podíl
- 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