The Mortgage Process in Poland

Even for the most experienced homeowners, buying a property and applying for a mortgage in a new country is a huge undertaking. This guide takes you through the key stages of applying for a mortgage in Poland.

Find out what are the requirements

There are no legal restrictions on any adults getting a mortgage in Poland. Foreigners can take out mortgages in Poland, although exact terms will vary depending on individual banks. Each bank has it’s own set of requirements.

You can find out more about the requirements here: Mortgage in Poland - requirements for foreigners

Find out how much you can borrow

A bank needs to verify whether you can afford to repay your mortgage based on your net earnings and financial commitments. Contact a good mortgage broker to get an idea of how much you can borrow.

Find a property and sign a preliminary agreement

Most banks in Poland require you to sing a preliminary agreement for a property first. Then you can apply for a mortgage. At some banks it’s possible to obtain a pre-approval fo  before signing a preliminary agreement.

Choose the best mortgage offers that suit your needs

There are number of banks in Poland offering mortgages and each bank has a different offer.

To compare mortgages accurately it's important that you take into account all fees and charges rather than looking at just the headline interest rate. If you want some background knowledge about it, see our Basic fees and charges guide.

Apart from this you should take into account other bank’s requirements, e.g. some banks require you to transfer your salary into bank’s account – if you stop transferring a salary a bank will increase the interest rate of your mortgage.

Apply for a mortgage

Once you’ve found the perfect property and the best mortgage offers, you can apply for a mortgage. You must provide several documents to the banks to suport your mortgage application – evidence of your identity, income, finances and documents regarding a property.

Sign a mortgage contract

Once you’ve accepted the mortgage offer from your a bank, there are only 2 major steps left: signing a mortgage contract and fulfilling the conditions for opening a loan.

How long does a mortgage application in Poland take?

The timeframe for a mortgage application varies from person to person and from bank to bank. It depends on your unique situation as well as the speed of the bank.

Your mortgage could be ready in 2-3 weeks, but this isn’t always possible. You may have a complicated situation which requires a lot of back and forth with the bank, or the bank you apply to has a long application process. A good reference point is about 4-6 weeks but at some banks it can take more time.

When you ask Mariusz Zieliński Biuro Kredytowe for independent mortgage advice, we will take all the hassle and stress out of arranging your mortgage. We won’t only source the best mortgage for your situation from all banks in Poland. We will guide you through the property buying process and be with you every step of the way. We will also handle the whole application process - everything from the completion of the application forms right through to the day you get your keys!