Description from Simply Mortgages

Simply is a independent mortgage broker, working with the products of all Czech mortgage banks. We are the market leader in serving expats with Czech mortgages – through our Irish- and English-based shareholders we have been traditionally approached by expats wishing to buy real properties in the Czech Republic. We helped pioneer this area of financing working with the banks to simplify the process. We have processed close to Euro 17 million of expatriace mortgages in 2006. Simply is a co-founder of the CERES Group, a group of member companies which have come together under one umbrella organisation with the intent to offer a “one-stop shop” to non-residents looking to invest in the Czech Republic (www.ceres-group.com). Thanks to this alliance we are well positioned to smoothly guide you through the complex process of property acqusition in the Czech Republic. Why choose Simply over a bank • Over the years on the Czech market, we have developed extensive expertise in financial and deal structuring and overall property transaction process management • We understand the dynamics of property transactions and investments and can assist you in property negotiations • With us you will avoid hassle and troubles on your way to a Czech mortgage • Through our presence and relationships with all the Czech banks you will enjoy wider financing offers and get a better deal for your mortgage than going to the banks directly Unlike with other mortgage brokers, with us you will get all principal services in one place Simply provide: • financial advice and deal structuring • assistance in property negotiations • arranging for mortgage and development financing and related financial products • overall property transaction process management in co-operation with other professionals, can arrange for: • property search and management • legal and technical advice • establishing of special purpose companies, accounting and tax service Call Simply today to find out how we can help you find and finance your new Czech property or investment. Benefits of financing property locally • Taking a local mortgage doesn’t put your home at risk Unlike a mortgage which would be offered by a bank in your home country, Czech mortgages are not secured against other property (collateral) which you might own- meaning that you don’t put your home at the risk of being seized should you default on payments for any reason. • Financing your property locally will significantly reduce your transaction costs With the Czech Koruna gaining in strength year after year, taking a mortgage in the same currency in which you are purchasing allows you to reduce your foreign exchange risks and currency conversion costs. This is particularly relevant with buy-to-let properties. • Czech mortgages offer competitive interest rates Local banks have become a lot more aggressive to compete with interest rates offered by banks throughout the EU. Currently, interest rates starting at 3,7%, meaning that the value of your property will outgrow the costs of financing it.