Introduction

Deciding to arrange your mortgage on your own? That’s absolutely possible — but be careful. The process is complex, and one mistake can cost you hundreds of thousands of crowns.

To help, I’ve prepared five key points you should never forget when applying for a mortgage. These steps will improve your chances of getting the best conditions and avoiding unpleasant surprises.

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1. Don’t Settle for the First Offer

The first mortgage offer you receive is rarely the best one. Treat it as a negotiation: the bank is selling, and you decide whether to buy.

Compare multiple banks
Let banks compete by showing them better offers
Look beyond the rate — check fees for valuation, drawdown, and processing

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2. Focus on APR, Not Just the Rate

The interest rate may grab your attention, but it’s only part of the story. The real cost of a mortgage is measured by APR (Annual Percentage Rate of Charge), which includes not only interest but also fees and required products.

The difference between two mortgages can easily be tens of thousands of CZK, even if the rates look almost identical.

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3. Big Banks Often Have the Edge

Smaller banks may appear more flexible, but when it comes to mortgages, larger banks often bring more stability and options. Thanks to their size, they can:

Handle complex cases
Adjust their rules if it makes sense
Offer long-term security

Remember: front-desk staff follow strict rules. If your case is complicated, an independent mortgage specialist may be the one who finds a way forward.

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4. Always Work with a Lawyer

A property purchase is one of the largest investments in life. Don’t rely solely on template contracts provided by banks or real estate agents.

A good lawyer will:

Spot inconsistencies in contracts
Negotiate needed changes
Prevent disputes that could end up in court

Spending a few thousand on legal advice is negligible compared to the millions at stake.

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5. Be Patient with the Process

For banks, a single mortgage is a small deal. If they’re overloaded, they’ll often prioritize larger volumes, especially from brokers.

This means you may need to wait — and switching banks mid-process usually means starting from scratch and losing weeks. Pushing aggressively rarely helps, but persistence and the right advisor can make a big difference.

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Not Sure You Want to Handle It Alone?

If you don’t feel comfortable navigating the process on your own, choosing the right advisor is key. Check references, compare multiple options, and remember — trust, but verify.

A big firm doesn’t always mean better service. What matters is the person who will actually guide you through the process.

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Conclusion

Every mortgage is unique, and there’s no one-size-fits-all solution. But these five keys, based on years of experience, will help you secure better conditions and avoid costly mistakes.

👉{" "} Book a free consultation {" "} and let’s find the right solution together.

Need more tips? Read more:{" "} Mortgage guide for foreigners in the Czech Republic.

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