Obtaining a mortgage for the purchase of residential property in the Czech Republic for foreigners (citizens of Russia and CIS) consists of a series of steps and requirements. Necessary conditions for registration of mortgage lending in the Czech Republic for foreign nationals are: 1. There is a legal entity in the Czech Republic, where the foreigner is the founder. This requirement is a basic and necessary condition. Desirable to have reopened entity without the presence of his history of the Czech Republic. 2. The presence of the selected option to purchase real estate, its value and the prior consent of 'firm-seller' sell the property in mortgage.
Since early 2008, for our customers "Prague Lion" requirement of becoming a residence permit at the time of registration of a mortgage loan is not required, and loan processing is available for citizens entering under the Schengen tourist visa! The process of obtaining a mortgage after the registration of a foreign national entity, consists of the following steps: 1. The search for the desired property by self-search or search using the services of a real estate agency. 2. Determining the choice of real estate: is the signing of a treaty reservation with the owner of the property and payment of deposit amount $ 5 – 10% of project cost. Be aware that this pledge (5-10% of the value of the property) – the amount of non-returnable. In case you run out of time data on Mortgages and specified in the contract reservation, security deposit is not refundable and the property owner is compensated for lost time and profits.