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Old 28-01-2008, 10:09 AM
JMBroad JMBroad is offline
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Yes and no. It's possible to find a 100% mortgage property and it's possible to find a property which covers mortgage by renting, but both conditions on the same property is very rare to find. Having said that, Berlin does have an opportunity whereby you can achieve good yields on a rented property, provided you purchase in the right location and use the correct strategy when renting it out. However, in Berlin you won't get higher than a 60% mortgage without going through stringent credit checks and the process takes a long time for 60% so for higher mortgages it will take even longer and be even more thorough.
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