Tatragolf Mountain Resort For Sale in Slovakia

To finance the purchase of an apartment in TATRAGOLF, a mortgage is possible. We can put you in contact with the people who will prepare your mortgage-financing model together with a list of all the necessary documents and a time schedule of necessary steps. They can act on your behalf during communication with the bank before and after the submission of your mortgage loan application, including the formal application steps in the bank.

The most commonly offered product in Slovakia is a standard repayment mortgage, where monthly mortgage payments are fixed and partly cover interest service and partly principal repayment. Interest-only mortgages are not available. It is also normal to fix the interest rate for a certain period of time. Today in Slovakia one can select to fix a the interest rate for 1, 5, or 10 years. The final rate depends on several factors: status of the applicant (employed individual, self-employed, company owner, income certification, etc.) income, property value, and own equity.

Mortgage financing for foreign individuals is available in many Slovak banks with various conditions. The usual mortgage is 70% of the property value (purchase price), in some cases up to 100%. The usual maximum mortgage term is 20 years (and the borrower/client usually must not be older than 65 at the time of loan repayment commencement).

Slovak banks generally require the following documentation when purchasing Slovak property as a foreign individual:

Proof of address
Passport
6 months’ recent bank statements
Proof of income (form provided in English)
Proof of employment abroad
If you are self-employed you will need to provide at least two years’ tax returns and accounts

Mortgages are dealt with on an individual basis with the chosen bank. The interest rates vary with the length of time of repayment and the value borrowed. Mortgages are available in both Slovak Crowns and Euro. There are financial service providers in the UK and Ireland that can also set up a mortgage. They can potentially make the whole process easier and it can be dealt with in the UK/Ireland rather than Slovakia.

Please contact us if you have any questions or would like to discuss things in more detail.