Mortgages for Self-Employed and Freelancers in the Czech Republic

Being your own boss comes with freedom, but it can also make getting a mortgage in the Czech Republic feel like a challenge. If you're self-employed, a freelancer, or running a small business, you may have already heard that Czech banks can be stricter when it comes to approving mortgage applications from non-salaried clients.

But here's the good news: mortgages for self-employed individuals are absolutely possible, especially with the right strategy and support.

We help entrepreneurs, creatives, and business owners secure mortgages every day. Here's what you need to know.

Why It's (Still) More Complicated for the Self-Employed

Banks naturally look for predictable income and low risk, so when your income fluctuates month-to-month or you deduct most of your expenses to lower your tax bill, lenders may view you as a higher-risk borrower.

But that doesn't mean rejection is guaranteed, it just means you need to present your case differently.

What Czech Banks Look At for Self-Employed Applicants

The key factors include:

• Your trade license or business activity duration (ideally at least 2 years)

• Tax returns – usually from the last 2 full years (sometimes 1 full year works)

• Average net income after taxes (based on official filings)

• Your debt-to-income ratio and overall creditworthiness

• Whether your income is declared in CZK or foreign currency

Some banks are stricter; others have dedicated products for freelancers or s.r.o. (Czech limited liability company) owners. We know which lenders are more flexible.

Key Documents You'll Likely Need

• Last two annual tax returns (in Czech: daňové přiznání) with confirmation of submission

• Balance sheet and profit & loss statements (for companies - s.r.o.)

• Bank statements

• Trade license or business registration

Foreign income? We can guide you on what's acceptable, how to translate or legalize documents, and which banks to avoid.

How Your Income Is Calculated (And Why It Matters)

Each bank uses its own formula. Some calculate your mortgage affordability based on:

• 50% of your declared revenue

• Your net taxable income after deductions

• A flat-rate expense model (ideal for freelancers using lump-sum expense deductions)

For example: If you declare CZK 1,200,000 per year and use a 60% flat expense model, your net income might be considered CZK 480,000, unless the bank applies a more generous interpretation.

We can help optimize this calculation in your favor.

How We Help Self-Employed Clients

We don't just forward documents, we act as your trusted advisors and experienced consultants. Here's how we make it easier:

• Match you with the most freelancer-friendly banks

• Help you prepare the ideal application package

• Negotiate better interest rates

• Explain terms and documents in English

• Guide you through the entire process from A to Z

We've helped clients from IT consultants and architects to business consultants and digital nomads. Whether you're a Czech citizen or an expat, we know how to get you mortgage-ready.

Ready to Buy Your Home as a Freelancer?

Don't let your freelance status hold you back. With the right preparation, you can access competitive mortgage terms and buy the home you deserve.