Place4umortgages.com Worldwide Property portal for buyers, private sellers, agents and developers with thousands of UK and Overseas properties.

:: Free Mortgage Insurance

    :: Tools

    Mortgages & Loans
    First Time Buyers
    Re-Mortgages
    Buy to Let Right to Buy
    Loans For Any Purpose
    With Low Interest Rates and Easy Repayments
    Commercial Loans
    Business Finance
    Bridging Loan

    We Can Now get you a Mortgage Loan of up to 7 times your income Get Cash Back on Your Survey Fee and Solicitors Fee

    Project Funding
    100 % Funded Internationally
    Offshore Banking
    Fund Any Project With Low
    Interest Rates With No Monthly Payemnts

  • Affordability Calculator
    Click Here
  • Currency Converter
    Click Here

:: Financial News

Germany

 

 

Mortgage

Refinance

Equity Release

Buy to Let

Maximum Loan to value

65%

65%

65%

65%

Maximum Interest only period

0

0

0

0

Maximum Term

30 years

30 years

30 years

30 years

Maximum Age on completion

70

70

70

70

Average interest rates

6.4%

6.4%

6.4%

6.4%

Average monthly price per thousand

6.71

6.71

6.71

6.71


Process:
With the lower loan to value (purchase price) options in Germany, the banks have a greater security against the property and can therefore respond very quickly.

Approximate timelines (weekends not included):

1. Approval in principle Instant
2. Final licences Day 1
3. Property registration details Day 1
4. Application (receipt of documents) Day 1
5. Power of attorney Day 1
6. Confirmation of approval in principle Day 3
7. Valuation Day 6
8. Formal offer Day 10
9. Arrange signing Day 15
10. Signing Day 20
11. Transfer of deeds Day 20
12. Payment to developer Day 20
13. Agency of service

Day 20

14. First mortgage payment Day 21
15. Commission received Day 41

Costs:

For guidance purposes, as costs vary from lender to lender:

Cost

Amount

Payable

Broker fees 800 Up front (refundable)
Application / bank fees 200 Up front
Valuation fee 500 Up front  (refundable)
Opening commissions 1% of loan amount On signing
Registry / Notary fees 1% of purchase price On signing
Agency of Service 120 Annually on signing date

Currencies:
German mortgages are available in euros.