uncleseano
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A friend of mine recently purchased a large 4 bed detached family home in a desirable area with a German mortgage. With an interest rate of 0.48%.
He doesn't even know what he will do with the house, but his attitude was, if they are giving money away why not.
This may not be available to the average first time buyer, but there are plenty of Irish people in a position to borrow from European banks.
A friend of mine recently purchased a large 4 bed detached family home in a desirable area with a German mortgage. With an interest rate of 0.48%.
He doesn't even know what he will do with the house, but his attitude was, if they are giving money away why not.
This may not be available to the average first time buyer, but there are plenty of Irish people in a position to borrow from European banks.
Please asky your friend about the name of the bank and if he gave a property in Germany as security on the loan or the Irish property was accepted as security.
I am German myself and would be highly interested in taking a German mortage for buying in Ireland though as far as I have heard the banks won't do it because the house is not in Germany.
Please asky your friend about the name of the bank and if he gave a property in Germany as security on the loan or the Irish property was accepted as security.
I am German myself and would be highly interested in taking a German mortage for buying in Ireland though as far as I have heard the banks won't do it because the house is not in Germany.
Very much the same for me. I'd love to hear about which bank this was, and what type of security was required.
I know that he owns a property in Germany, so the mortgage may well have been secured on that, either alone or as well as on the Irish property.
Well I am not going to ask him the details, he might not like having his affairs discussed on a forum like this, even if anonymously. What I have posted so far is just a report of a casual conversation.
I know that he owns a property in Germany, so the mortgage may well have been secured on that, either alone or as well as on the Irish property.
He updated in post 12 aboveSorry to resurrect a 6 year old thread, but was just wondering if the OP moved forward with the French mortgage in the end? Would be very interested to learn as I am considering something similar myself. Thanks
So you are getting a French or German mortgage secured on a French or German propertyThe idea in general is that mortgage loan is secured against a property in Germany/France etc.
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