Case Study: Petr and Marie
Note: Names and details are illustrative, based on typical situations we encounter.
Starting Situation
Petr (56) and Marie (54) live in Brno in a three-room flat they bought in 1998. They paid off the mortgage in 2018. Current appraised value of the flat: CZK 4,200,000 (approx. EUR 168,000).
Their daughter Tereza (28) wants to buy her own home. She needs a mortgage deposit of at least CZK 800,000 (approx. EUR 32,000). Petr and Marie have savings of around CZK 200,000. They're short CZK 600,000.
At the same time, Petr is approaching retirement. In 9 years he'll be 65, and his estimated pension is CZK 19,500 per month (approx. EUR 780). Marie works part-time and her future pension will be even lower.
The Dilemma
Traditional options:
- Sell the flat: They get the money, but lose their home. They'd have to pay rent.
- Second mortgage: Difficult and expensive at their age. Creates debt.
- Consumer loan: High interest rates, short repayment period.
- Wait for inheritance: Tereza needs the money now, not in 20 years.
None of these options was acceptable.
The HomeGrif Solution
Petr and Marie chose a combined payout:
| Parameter | Value |
|---|---|
| Property value | CZK 4,200,000 (~EUR 168,000) |
| Petr's age | 56 |
| Lump-sum payout (30%) | approx. CZK 945,000 (~EUR 38,000) |
| Monthly income | approx. CZK 4,800 (~EUR 192) |
What This Means in Practice
- Daughter Tereza received CZK 800,000 for her mortgage deposit — she bought a flat in Brno-Kralovo Pole.
- The remaining CZK 145,000 was used for a bathroom renovation they'd been putting off for years.
- Monthly income of CZK 4,800 supplements their earnings — Petr will continue receiving it even after he retires.
- They stay in their flat — nothing changes in their daily life.
Family Protection
Thanks to the Earlypass programme, the family is protected for the first 5 years. If anything were to happen to Petr or Marie, heirs (including Tereza) would receive back a significant portion of the investment.
What Petr Says
"For a long time I thought a flat was just a roof over my head. Now I know it's also my second pension pillar. We were able to support our daughter straight away, not after we die. And we receive income every month."
Key Takeaways
- HomeGrif is not a loan — no debt is created
- Petr and Marie remain the owners of the flat with a lifetime residency right
- A combined payout allowed them to solve two needs at once: help their daughter + supplement their pension
- The entire process took 6 weeks from first contact to first payout
Read also: How to Help Your Children Now, Not After You Pass Away | Earlypass: How We Protect Your Family | Glossary
