Property Buyers Guide to Germany

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Property Buyers Guide to Germany

A useful guide to buying property in Germany with information on mortgages, solicitors and the actual property buying process for foreigners.

We are in the process of updating our Guide to Buying Property in Germany. Please check back soon.

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German Mortgages Options

When considering the options for a German mortgage on your overseas property there are a couple of choices to consider:

Do you consider raising finance on your existing property in the UK to cover the whole cost of your purchase abroad? A good idea if the interest rate in the country in question is a lot higher than it is here in the UK as you will pay a lot less in monthly repayments.

Do you secure a mortgage against the property from a local bank in the country of purchase? This can be a wise option especially if the interest rate is lower than our current UK interest rate. Most overseas mortgage / bank lenders will require upto 30% deposit on mortgages. However, you will need to give some thought to how you will service your mortgage payments each month especially if you are not living or earning in that country as you may well lose out on exchanging money each time to cover monthly expenses. Check out our Foreign Currency page to see how you can save money in this example

Some Builders and developers may well offer their own mortgage facilities on their properties for sale. This can be beneficial to both parties depending on the logistics of the mortgage or loan facility. Always check and compare with the two options above before making your final descision.

For more details on Mortgages in Germany visit our Mortgage page in Germany section.

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