Own funds (vlastní zdroje)
Money the buyer pays from their own resources on top of the mortgage: savings, proceeds from selling another property, a gift from parents or building savings. Because of the LTV limit, it amounts to at least 20 % of the collateral value, or 10 % for an applicant under 36. The incidental costs of the purchase, which the bank does not finance, come on top. Real estate acquisition tax has not been payable since 2020.
Example
For a flat at CZK 5,000,000 with a valuation of the same amount, at 80 % LTV you need CZK 1,000,000; an applicant under 36 can manage with CZK 500,000. Add to that the valuation at CZK 3,000–6,000, CZK 2,000 each to register ownership and the lien, possibly escrow, a lawyer or an estate agent's commission, and a reserve for moving and furnishing.
In practice
The bank wants to see where your own funds come from, usually from a bank statement or a deed of gift. You often pay this money before the bank does, typically when the purchase agreement is signed or into escrow. If you have no own funds, additional collateral in the form of your parents' property can bring LTV down. Putting every last koruna into the purchase leaves nothing for the first months of repayments.
How it differs
Akontace is a colloquial word for the same thing, borrowed from leasing. LTV is the other side of the same coin: the more own funds, the lower the LTV and often the rate. A consumer loan taken out to cover the deposit does not count as own funds; the bank adds it to your debts, which lowers your creditworthiness.
Related terms
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