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Tips on banks/credits for buying a house in a foreign country

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Posted on 11/08/2008 1:21 pm

Tips on banks/credits for buying a house in a foreign country

Hi all,

Do you know in which bank I could get a credit for buying a property *in a foreign country*. I'm having in mind to buy a flat in my home country, and finance it from my salary here in Germany.

Is it possible to put a mortgage on another foreign property as a security bond?

What were your experiences like when buying a house in India, or somewhere else in the world - did you manage to get a loan in Germany? Any advice would be more than welcome!!!!

annnna

Member since 27/11/2005

 

Posted on 11/08/2008 1:44 pm

Re: Tips on banks/credits for buying a house in a foreign country

No bank will give mortgage for buying a house outside the country where one is applying/living. Too many headaches and paperwork and finally risky. Depending upon one's credit history and salary banks do give personal loans upto 50,000 Euros. You have to ask the banks about your eligibility.

raj

Member since 27/01/2004