Borrow against German property

in Loans
3 replies 251 views
LeeGKLeeGK Forumite
1 Post
I have a property in Germany and live in the uk. 
Does anyone know if it’s possible to realise equity or borrow against this property from the UK?



  • SusieTSusieT Forumite
    1.3K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    I asked the same sort of question a while back when a friend (who lives in Germany) was wanting a loan. They discovered that it was not going to happen as to get a secured loan you need an entry in the German equivalent of the land registry, and UK banks are very unlikely to do this especially now that Brexit has happened which would make enforcement a lot harder if you did not pay.
    Credit card debt - NIL
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    2022 all rolling into new mortgage + extra to finish house. 125,000 End 2036
  • SchwarzwaldSchwarzwald Forumite
    289 Posts
    100 Posts First Anniversary

    I would expect it to be unlikely to find a UK lender to lend against a property in Germany, but I know of two friends who have both taken out mortgages in Germany against their German properties in order to buy properties in the UK. One was resident in GER, one is a UK resident. But the use of mortgage proceeds was limited to real estate.

    So maybe you can speak to some local banks in Germany if they allowed you to remortgage your prop in GER and use the funds in the UK?

  • macmanmacman Forumite
    52.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    Were those mortgages taken out before Brexit? I suspect that they were.
    No free lunch, and no free laptop ;)
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