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Old 10-02-2007, 12:31 PM
Charlie Charlie is offline
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Join Date: Dec 2006
Posts: 5
Post Non resident mortgage for Berlin, Germany - Help please!

Hello all,

After banging my head against a brick wall for a good few months, given how relatively hot the German market is, I thought there must be a lot of people in my situation who have been there and done that.....and there must also be quite a few on this website, so...

I am looking to buy in Berlin, Germany. I have c. £120k capital, as am looking to leverage up, I have identified a few properties in the €650-700k region.

I have a solid credit background and have c. £300k capital in my house I could use if required.

I have tried a number of the larger UK players, who have seemingly never heard of the largest country in the EC and consequently would not dream of lending money (Why only Spain, France, etc.???).

I have contacted a number of the large German players, the majority do not lend to non residents. Interhyp, are close, but of course do not value the property at the same level as the market (50% less!!!)

Then I thought GMAC, global players, they lend money to sub-prime, are involved in the german market and have a US mentality....a lovely lady at the Bracknell UK head office informed me that GMAC dont do Germany, she should know she works there.....

With all the people buying there, someone must know of a way. Please, I beg, if you know of a company or a way I can raise the finance, post a reply.
I will buy you a beer, in Berlin probably as you are probably already there...
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