Additional Information
What can I finance through a Buy to let mortgage?
You can use the money to buy an investment apartment, family house with non-residential premises, or apartment building.
How much money can I borrow with an American mortgage?
With American mortgage Premier you can get from CZK 150 thousand to 5 million. It is possible to have a loan up to 70% of the property value.
How much will I be charged for the account statement and management of the American mortgage?
Both management and the account statement are free of charge.
When is it worth considering a Turnover mortgage?
It is necessary to prove your income during mortgage approval process. If you are self-employed, your taxable income might not meet requirements of a Premier Mortgage. For example, when you apply flat-rate expenses, your actual earnings may be undervalued. Turnover mortgage, however, takes into consideration the specific tax aspects of your business. So you can get it even if you would not reach a regular mortgage.
Representative example of an American mortgage
Mortgage parameters
Mortgage amount: CZK 800 000
Interest rate (5-year fixed rate): 4.89 % p.a.
Monthly repayment
(principal and interest): CZK 6 311
Number of repayments: 180
Repayment period: 15 years
Fees
(part of total loan costs)
Arrangement fee: CZK 6 000
Management fee: CZK 0
Change of repayment amount: CZK 0
Land register fee: CZK 2 000
Property appraisal: CZK 3 900
Representative example for a Premier mortgage
Mortgage parameters
Mortgage amount: CZK 1 800 000
Interest rate (5-year fixed rate): 2.89 % p.a.
Monthly repayment
(principal and interest): CZK 8 472
Number of repayments: 300
Repayment period: 25 years
Fees
(part of total loan costs)
Arrangement fee: CZK 6 000
Management fee: CZK 0
Change of repayment amount: CZK 0
Land register fee: CZK 2 000
Property appraisal: CZK 3 900