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Slovakia – Property Financing

Mortgages for Foreign Nationals in Slovakia

Some local banks in Slovakia may issue mortgages to foreign nationals, but the eligibility criteria and requirements may differ from those for Slovak citizens. It is recommended that foreign nationals seek the advice of a local financial advisor or bank representative to determine their eligibility for a mortgage in Slovakia. Some local banks that provide mortgages in Slovakia include Tatra Banka, VÚB Banka, and Slovenská Sporiteľňa.

Deposit Requirements in Slovakia

The amount of deposit required when buying a property in Slovakia can vary depending on the bank or lender, the value of the property, and the buyer’s financial situation. As a general guideline, buyers should expect to provide a deposit of at least 10% of the property’s value. However, some banks may require a higher deposit, so it is recommended that buyers check with their chosen lender to determine their specific requirements.

Outstanding Debts in Slovakia

New property owners in Slovakia are responsible for any outstanding debts on the property they have purchased. This includes any mortgage debts, utility bills, and other outstanding debts that were incurred by previous owners. It is important for new property owners to conduct a thorough check of the property’s financial history before purchasing to ensure that they are aware of any outstanding debts and are prepared to pay them.

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