Arranging your non-resident mortgage in Germany

Less than 40% of Germans own their own homes. In Berlin only 14% are home owners. As a result Germany is expected to see significant property price rises in coming years as the Germans discover the benefits of property investment.

• Types of mortgage: Repayment only
• Minimum loan amount: Euros 30,000
• Maximum: none, but must not exceed 70% of the valuation or purchase price (whichever is the lower)
• Proof of income is required in all cases
  
• • If employed - copies of your last six months' payslips and copies of your latest two P60s plus copies of your last 6 months' personal bank statements
  • If self-employed -  copies of your last three years' audited acounts and copies of both your last 12 months' business and last 6 months' personal bank statements

Interest rates are on application but an indication would be 5-6%

Example for Euro Mortgage: Repayment mortgage of approx 100,000 over a period of 30 years at an interest rate of approx. 5.5% = approx. 568 capital and interest per month = a total approx. amount payable over the term of 204,480, excluding other fees.