Mortgage for German Property

[darraghdog]

Does anybody know of an Irish bank that will give a morgage secured against a property in Germany ?

The background being that I would like to buy a property in Germany and the only way I see of doing this now is using my home here as security for an equity release. I cannot think of anyother way to use the property in Germany as security for a mortgage... (I am not sure if a German bank will give a mortgage to a foreigner a mortgage using the property there as security)

If anybody has any insights to this tricky problem, it would be great.

Thanks,

Darragh.

 

[Sarah W]

You can't borrow here using the German property as security but you can, as you say, release equity on your home and/or approach a German bank - as long as you fit their criteria I don't see why they wouldn't lend....

Sarah

www.rea.ie