German Mortgages for purchasing a property in Berlin- rates from approx 5.70% in Euros
If you are purchasing a property in Germany, German Mortgages are available for UK & Irish based Employed Residents (who appear on that Country's Electoral Roll) or non-German Nationals living and working in Germany for House Purchase - other purposes on a case by case basis.
The type of German Mortgage is Repayment Mortgage only Minimum: € 40,000, Maximum € 1,000,000, but must not exceed 70% of the purchase price.
Proof of Income: required in all cases (can be made up of Earned or Pension Income and up to 80% of any Rental Income from the new property, if there is an existing Rental Contract in place).
Term: Minimum 3 years; Maximum 30 years
Currency: Euros only
Current Variable Interest Rate is from approx 5.70%.
Example German Mortgage: Repayment Mortgage of approx €70,000 over a period of 25 years at an Interest Rate of approx 5.70% variable = approx €444.00 capital and interest per month = a total approximate amount payable over the term of €135,900 including capital, interest, arrangement and survey fees.
