Eligibility and Criteria 

• Loans are available as Euro mortgage only
• Repayment mortgage only
• The maximum loan to value for a purchase is 80%
• The maximum term of any mortgage is 30 years: up to age 75
• The minimum loan amount is €25,000 with no maximum
• The minimum income level is €60,000 gross per annum
• Mortgages are available for owner used and buy to let properties

Affordability

To qualify gor a mortgage in Germany, a calculation is used to establish whether you can afford to maintain the mortgage repayments. This will automatically happen when you complete the application form, and Conti won’t charge you for this service.

Your existing liabilities, including your UK mortgage or rental payments, loans, credit card payment and maintenance are taken into account, together with your proposed German mortgage payments. All this must not typically exceed 30% of your net monthly income. For example if your joint net income is £2500, 30% of this equates to £750. If your only liability is your current UK mortgage payment of say £300 per month, this would leave a balance of £450 for your proposed German mortgage repayment calculated at 0.20% above the rate that you are being charged.

What evidence of income do I need?

If you are employed:
Your last three month’s payslips
Your latest P60 and Employers Reference
Your last six months personal bank statements

If you are self-employed:
Your last two year’s audited accounts/and your last two years tax returns
Your last three month’s personal bank statements.
The income criteria is strictly adhered to by the lenders.

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