To make the flat purchase process easier for you, we have developed recommended financing options. This is only the recommended process: we approach each client individually and allow you to finance the purchase according to your wishes as far as possible. Of course the list price stays the same regardless of whether you make use of the recommended process or not, and is not bound to any special terms and conditions.
The process for financing from a mortgage is as follows:
- the first deposit (booking fee) of CZK 50,000 incl. VAT is payable in cash on the day of signing the Booking Agreement
- the second deposit – own resources amounting to at least 15% of the agreed basic price with the booking fee subtracted + applicable VAT – is payable within 14 days of the signing of the Letter of Intent to Purchase
- the third deposit – any remaining own resources – is payable within 14 days of the signing of the LIP
- the remainder – remaining part of the purchase price from your mortgage loan + applicable VAT is payable in steps based on the partial performances in the project milestones, namely:
- after the completion of the carcass of the Building and filing of the application for registration of the Declaration of the Owner of an Unfinished Building in the Cadastre (50% of the mortgage loan)
- after the completion of the Flat inner plastering (25% of the mortgage loan)
- 30 days before the issuance of the final approval for the Building (20% of the mortgage loan)
- within 14 days after the issuance of the final approval for the Building (5% of the mortgage loan)
**Note: The MORTGAGE instalment calendar only applies to financing of the subject matter of sale with a combination of the clients’ own resources with a mortgage loan provided by ČSOB a.s., ČS a.s. and KB a.s., only branch offices approved for the SMART project. The Future Seller reserves the right to change the project milestones or methods of drawing on the portions of the mortgage loan based on the applicable terms and conditions set by the bank that will provide the Future Seller with project financing. The Future Buyer acknowledges that the specific terms and conditions for drawing on the portions of the mortgage loan will be specified in the Letter of Intent to Purchase and that the choice of the bank financing the Future Buyer’s mortgage loan has to comply with the terms and conditions on collaboration between the future seller and the bank providing the future seller’s project financing.