Please note, that there are no non-status/self-certification mortgage facilities accepted by the lender.  All applications need to be supported by a minimum requirement of proof of income.  If employed, copies of your last three month's payslips or copies of your last six months’ personal bank statements, & copies of your latest P60/Employer’s Reference will be required. Alternatively if you are self-employed, copies of your last two years Accounts & copies of both your last 6 month's Business and Personal Bank Statements will be required on application.

The lender will consider historical rental income and may take into consideration contracted future rental income from the property in the Czech Republic for mortgage purposes/repayments.

Your loan is based on your joint net “take home” pay and is calculated on an affordability basis. All your existing liabilities including any mortgage/rent payments, personal and bank loans and any maintenance (ie: Divorce) payments together with your proposed Czech mortgage payments must not exceed 40% of your net monthly income.

Example:

Net joint monthly income £ 2,500 times 40% of that figure is £1,000 minus existing monthly mortgage payment £ 300 – No other liabilities. This leaves a balance of £700 for a proposed Czech Mortgage payment.

Mortgage details:

• Maximum loan to value 85%
• Maximum term 20 years
• Czk 800,000 minimum loan
• Czech Crown mortgages only
• Repayment mortgages only
• Rates from approximately 4.30%