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Welcome to LBBW Bank CZ a.s.

IQ Mortgage for living and recreation

Make your dreams of your own living come true!

  • Financing can cover up to 90 % of the property collateral value.
  • Low interest rate fixed for up to 20 years.
  • Long-term loan maturity of up to 30 years.

IQ Mortgage for living and recreation


IQ Mortgage Parameters

Maximum loan amount (LTV) 90 % of the collateral value of the property
Type of interest rate fixed
floating
Minimum loan value CZK 250,000
Maximum loan value CZK 12.5 million
Minimum repayment term 4 years
Maximum repayment term 30 years
Fixed interest rate period 1, 2, 3, 4, 5, 10, 15, 20 years
Repayment In case of a fixed interest rate – monthly annuity instalments
In case of a floating interest rate – monthly linear instalments
Collateral A lien on a property located in the Czech Republic (Overview of accepted collateral)
Required insurance Insurance of the mortgaged property
Current Account at LBBW Bank Yes

LTV = the ratio of the loan and the property’s collateral value

Examples of using an IQ Mortgage

  • Purchase of a building lot or construction of a family house or an apartment for living or a recreational property
  • Remodelling and refinement work of a property for living
  • Acquisition of a cooperative share
  • Payment of an inheritance share, settlement of spouse joint ownership, buyout of co-ownership shares
  • Refinancing of investments or loans from legal entities invested into living or recreational properties

Who is a mortgage loan for?

  • Citizens of the Czech Republic or EU
  • Other foreigners with permanent or temporary residence in the Czech Republic
  • Minimum 18 years old, no negative record in the Credit Bureau
  • Minimum monthly net income CZK 10,000
  • Current employment contract for at least 3 months, self-employed persons must have been conducting business for at least 2 years

Documents required

Note:
If the property is co-owned by spouses, a mortgage application must be made jointly by both spouses.
Additional documents may be required in case of non-standard income, loan purpose or collateral.

Mortgage repayment insurance

You can opt for one insurance plan:

  1. Payment protection against the inability to pay instalments due to death, third degree of disability and incapacity for work.
  2. Payment protection against the inability to pay instalments due to death, third degree of disability, incapacity for work and unemployment.

Available only for mortgages with fixed interest rate.

Additional information

Call 800 700 800 or visit any branch for more detailed information on mortgage loans..


Exchange Rate

09-02-2014

Cash Purchase Sale

EUR 27.102 28.378

USD 20.649 21.621

GBP 34.235 35.847

exchange rate detail

News and press releases

September 2, 2014
Expobank LLC appoints new Board of Directors of LBBW Bank CZ
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September 2, 2014
Expobank LLC has completed the acquisition of LBBW Bank CZ
More »

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