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UK ExPat living/working in Germany, needs expat mortgage.

Discussion forum for expats moving to or living in Germany.

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Re: UK ExPat living/working in Germany, needs expat mortgage.

Post Posted: Wed Mar 29, 2006 5:14 pm

Why do you want a mortgage in pounds when buying a property in Euros?

And what is wrong with German banks that you won't go to them.

 

timhortonsman
Regular Poster
Regular Poster
 
 
  
Re: UK ExPat living/working in Germany, needs expat mortgage

Post Posted: Wed Mar 29, 2006 6:52 pm

Firstly, I would like a mortgage in Euro's
Secondly, I have not long been here and I am self employed. That means I have to make a down payment of 40% as opposed 10% for offshore and being regularly employed in Germany. As a self employed person in Germany, I must also have to submit two years accounts, which all in all makes it impossible.

If it were so simple through the bank and I could prove two years of income, which I can't, I would have one by now.

So, do you know any information about UK Ex-Pat offshore Euro mortgages for property in Germany for the recently self employed?

J.

 

Simmi
Newbie
Newbie
 
 
  
Re: UK ExPat living/working in Germany, needs expat mortgage.

Post Posted: Thu Mar 30, 2006 1:46 am

that's a tougher one, you are correct German banks don't know how to handle anything out of the ordinary.

Suppose you could ask at toytownmunich.com if they can't help you no one can.

 

timhortonsman
Regular Poster
Regular Poster
 
 
  
Re: UK ExPat living/working in Germany, needs expat mortgage

Post Posted: Thu Mar 30, 2006 2:02 am

Thanks..

I'll give it a go. It will take me time to plough through just to see if anyone else has popped the question.

J.

 

Simmi
Newbie
Newbie
 
 
  
Re: UK ExPat living/working in Germany, needs expat mortgage.

Post Posted: Wed Apr 26, 2006 8:21 pm

We have same problem, had to sit in Germany for 3yrs before Sparkasse gave us a mortgage even then it's a mine field, plus the rules are complex, in the end got 3 mortgages bundled together through a broker from LBS, there's lots of hidden fees and often much documents need translated,, have you thought about lloydstsb offshore banking they offer such services for expats but it comes at a premium...

 

bk_man
Newbie
Newbie
 
 
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