Overview of Overseas Mortgages in Germany
| Rates Available From: | 0.60% depending on LTV |
| Currencies Available: | EUR |
| Minimum Loan Amount: | €100,000 |
| Minimum Property Size: | 30 sqm |
| Maximum Term: | none, but to be repaid before retirement |
| Maximum LTV (Loan-Value) Ratio: | 80% |
| Maximum DTI (Debt-Income) Ratio: | 35% |
| Repayment Methods Available: | Capital & Interest |
| Loan Purpose: | Purchase |
| Loan Type: |
Holiday Home Holiday Let Main Residence |
When you complete our simple enquiry form, we will be able to work out how much you can borrow and it will help you budget for your purchase abroad. This quotation is totally free and confidential.
You can also connect directly with a German Mortgage Specialist if you prefer. Please visit this page to learn more.
What does this mean?
There is no limit on the term however, banks favour loans that are paid off before retirement. The interest rates start from 0.6% p.a.
The standard maximum amount they would lend to overseas investors is 80% of the value or purchase price however, this can be higher under certain circumstances.
Lenders calculate affordability for the loan by stating that the maximum percentage of all loan repayments (including the new mortgage, current mortgage and other loans) should be 35% of your net income.
On top of the necessary deposit, you should also plan for needing approximately an extra 10% of the purchase price for fees and taxes
Please feel free to use our mortgage calculator to see what your monthly payments may be.
Important Note: This information is designed to only give you an indication of what you may borrow and under what terms. It does not constitute any form of advice, nor does it imply that you will be able to borrow the amounts required. In all cases you should carry out a full Fact Find and obtain an agreement in principle from the lender. Please choose to either request a quote for a mortgage or complete the more comprehensive pre-qualification form to see if you already qualify for a mortgage