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Buying Property in Germany as a First-Time Buyer

Below you'll find a series of articles to help you understand the buying process written by our German mortgage experts

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First Time Buyers

Buying a new-build property in Germany – what you need to know

Nothing can go wrong with a new build? It's not quite that simple. There are pitfalls waiting here, too. Hypofriend explains what you need to consider.

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First Time Buyers

These Criteria Affect Your Creditworthiness

In Germany, a mortgage is available to those who are creditworthy. But what criteria do banks apply? And what role does the SCHUFA have?

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First Time Buyers

Financing Certificate: Always One Step Ahead When Buying a Property

With a financing certificate, you stand out from other prospective buyers. It serves as a confirmation of your financing potential to brokers.

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First Time Buyers

New Real Estate Commission Law: How Much do You Have to Pay from 23.12.2020 Onwards?

A new law on real estate commission changes the amount of the commission to be paid. Here's what will change at the end of December 2020.

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First Time Buyers

Life insurance in Germany & how it works

The topic of death is a very sensitive one, and you probably don't want to deal with it right after your mortgage application. Nevertheless, this is a good time to think about securing your loved ones with a term life insurance in Germany.

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First Time Buyers

The ten steps to homeownership in Germany. The notary process in Germany explained.

The legal process to buy a home in Germany with a mortgage is rather complicated, with plenty of legal jargon, and rather different from other countries. It is also costly and time-consuming. This deepdive therefore spells out all the steps, the terminology and the choices you have.

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First Time Buyers

Buying an Apartment in Berlin: Prices & Key Info (Guide)

Homebuyers in Berlin save 35 percent on average compared to renters. Since Berlin houseprices are still moderate, read our guide about buying a property in Berlin.

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First Time Buyers

How KfW loans help you save money on your German Mortgage

If you are planning to buy your first home in Germany, build or renovate a property, you should always take a look at KfW loans and subsidies. KFW provides low interest and subsidised mortgages in Germany. Here is an overview of what you need to know.

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First Time Buyers

Building a house in Germany - What you should consider

When building a house, you can design the property according to your wishes and you can even get away cheaper. Hypofriend explains to you what you have to consider.

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First Time Buyers

The 6 types of insurance in Germany that are important for you and your property

Finding a mortgage shouldn’t be your only financial consideration when moving into your new home: you should also consider looking into your insurance needs in Germany.

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First Time Buyers

4 Mistakes you should avoid with your mortgage in Germany

Buying property makes you wealthier. This is conclusion of several studies. Therefore it is important that you avoid four mistakes with your mortgage in Germany.

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First Time Buyers

Don't fall for low mortgage rate advertising

Interest rates for you mortgage that are too good to be true? There's a hook and we tell you why.

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First Time Buyers

Commitment fees Germany: how much to pay when your new built house is not ready?

A new built project is always a lot to do and most of the time you hava a tough schedule. That´s necessary if you don´t want to pay commitment fees to the bank.

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First Time Buyers

10 tips how you negotiate the price of your future home

You want to negotiate the purchase price of a property? Hypofriend gives you 10 tips how to do it and what you need to consider before.

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First Time Buyers

How Couples Can Split the Mortgage Cost and Value of the House

You and your partner plan to buy a home together? This often leads to the questions how you split the mortgage cost and who owns the house. A good hearted advice.

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First Time Buyers

Sondertilgung: a Popular but Overrated Option

Who doesn't like the idea of repaying extra on their mortgage to avoid penalties? That is what sondertilgung is, and virtually every mortgage borrower wants it. It is a great sales argument for advisors: if you would use your extra payments/savings/bonuses then you can be done already in year 'X' with your mortgage. 

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First Time Buyers

How to buy property in Germany: A Step-by-Step Guide:

To a first-time buyer who is looking to buy property in Germany, the buying process can appear overwhelming and hard to understand with all its different steps. Even if you are fluent in German..

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First Time Buyers

Which documents do you need when you apply for a German mortgage?

Germans banks are very meticulous when it comes to paperwork. And they'll be sure to take their time when it comes to requesting your documents.

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First Time Buyers

How to get a Mortgage in Germany: key decisions and terms illustrated

This section walks you through the key terminology you need to know when you intend to apply for a mortgage in Germany.

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First Time Buyers

6 Tips on How to Find a Property in Germany

As an expat, it can seem difficult to find the right sources of information when it comes to buying a property in Germany. Here are a few handy resources that can help you find your dream home. Besides subscribing to Hypofriend’s property radar when you signup, you can use the following tips:

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First Time Buyers

Can I get a mortgage with a temporary residence permit in Germany?

This is a question that Hypofriend advisors receive on a daily basis. As a short answer: yes, it is possible to get approved for a German mortgage as a non-EU citizen..

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First Time Buyers

Buying Property in Germany: 6 Things You Need to Know

In this interview, our partners from BPS dive into the intricacies of viewing properties in Berlin. Here are the top 6 issues you should watch out for when viewing properties to ensure you avoid unforeseen pitfalls, such as unexpected costs, and have a safe home buying experience.

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First Time Buyers

Special child allowance for new home owners (Baukindergeld)

To help you buy your first German home the government provides a subsidy of €12,000 baukindergeld per child. It is for:

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First Time Buyers

5 reasons why you should consult a mortgage advisor

Why you shouldn't just go to your bank or to your real estate agent's recommendation. Here's 5 reasons why it pays to work with a professional mortgage advisor.

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Hypofriend GmbH is an independent mortgage broker certified with the §34i GewO supervised by BaFin. Hypofriend works together with over 750 partner banks to find customers the optimal mortgage. Our headquarters is in Berlin, Germany.

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