Local Lenders and Mortgages for Foreign Nationals in Denmark
Local banks and other lenders do issue mortgages to foreign nationals in Denmark, but the process may be more difficult and require more documentation than for Danish citizens. Additionally, the mortgage rates for foreign nationals may be higher than for Danish citizens.
Lenders Providing Mortgages in Denmark
Some of the local lenders that provide mortgages in Denmark include:
- Danske Bank
- Nordea
- Nykredit
- Jyske Bank
- Sydbank
- Spar Nord
Deposit Requirements for Buying Property in Denmark
The deposit required when buying a property in Denmark typically ranges from 10-20% of the purchase price. Some lenders may require a higher deposit for foreign nationals.
Responsibility for Outstanding Debts on Property in Denmark
New property owners in Denmark are not typically responsible for any outstanding debts on the property prior to purchase. However, it is important to conduct a thorough search of the property’s title and financial history to ensure there are no outstanding debts or liens on the property.