Buy To Let Mortgage
Starting October 2018 Mortgage applicants have to meet much stricter terms for obtaining a mortgage. This is expected by banks to cause a decline in the mortgage market and virtually cut off a large part of the middle class from the option to buy residential property. At the same time, it can be assumed that this restriction will intensify the fight for rents and will drive up rent prices due to higher demand.
New mortgage rules will have a very negative impact on residents in Prague and will leave them two options: either keep renting and hope their salaries will rise significantly and property prices in the city will fall or purchasing a flat in Prague with a smaller floor area or less rooms.
According to mortgage bank analysts, new mortgage rules will, in particular, mean significant restrictions on access to mortgages for medium-income groups in Prague, and some applicants with above-average incomes may have problems as well. According to the assumptions, the Central Bank will primarily help investors with sufficient financial resources and landlords who will benefit from an increased interest in rents. Strong demand and limited supply of rental flats will make ownership housing even more advantageous, but the way to it will be closed for a number of Czechs.
You can also benefit from rising yields from rental housing through Buy to Let Mortgages. Our one-stop service, designed for international and expatriate clientele, offers complete real estate financing and legal guidance to both foreign individuals and property investors.
Buy to Let Mortgage parameters:
- LTV up to 80%
- Maturity up to 30 years
- Interest rate starting at 2,69%