Can I finance a cooperative apartment?

Yes, you can finance a cooperative apartment using a Pre-mortgage Loan. You don’t need any other property as collateral to arrange one.

Once the bank has registered its mortgage security, you will then be paying off the pre-mortgage loan through a follow-up mortgage with Česká spořitelna. This will be arranged together with the pre-mortgage loan.

The pre-mortgage loan can be used not only to purchase a cooperative apartment, but also to:

• purchase property owned by a municipality or the State
• transfer a cooperative apartment into personal ownership
• purchase property at auction
• purchase property under administration (insolvency)
• renovations or refurbishments of property which falls within specified criteria
• purchase property from a municipality and carry out construction, with the ownership of the property transferring to the client after the final building approval (occupancy permit) is issued
• refinance bridge loans from other banks