Why us?
The German property market is very competitive. Demand for property is fierce and property is limited. In order to be able to secure your property, you need to be able to demonstrate that you have your finance in place as soon as possible. This is where we come in. We have been helping our customers since more than 20 years. Our only goal is to satisfy their desire for their own property.
We have invaluable experience that is only developed with time. We have worked hard to establish long term relationships with the lenders, secured a professional working relationship built on respect and trust, both working together with the same end goal. To obtain the best real estate financing on the market for you.
Be faster than others
We are communicating with our lenders on management level in order to speed up the finance approval process. We know the market and are confident that we will secure the best mortgage product for you. Foreign buyers with German residence and workplace can obtain from us an official financing certificate from a bank that you can present to the seller and therefore prove your creditworthiness.
We understand you
Our services are streamlined for the demands of English speaking buyers of property in Germany, maintaining an open and clear dialogue throughout the process. Peter Kleinwächter is a pioneer in real estate financing for foreign buyers in Germany. Take advantage of Peter’s experience from 8.000+ consultations with international clients.
We are reliable, english speaking mortgage brokers with access to the best product range and lowest interest rates for international clients purchasing property in Germany.
Our Corporate Mission
Peter Kleinwächter is a Senior Consultant of MLP Finanzberatung SE (MLP), Germanys leading Finance Advisory Company for academics and private clients.
We start by listening to the views and expectations of our clients and then present suitable options in a comprehensible way. This allows them to make the right decisions themselves. For the implementation, we examine the offers of all relevant product providers in the market rather than trying to market our own products. In addition, clients can take care of all their important banking business with MLP.
Our service is free of charge. We get compensated by the product providers you have chosen.
MLP is also Germany’s largest independent broker for personal insurance. We can therefore answer all your questions about family insurance as well as the protection of your income and your property.
No Personal Data grabbing
Find us …
Please do not hesitate to send us your message, question or consulting request by email or telephone. You will find our modern consulting center in the heart of Berlin, directly opposite Berlin Central Station. Our branches in Munich, Hamburg, Cologne, Dusseldorf and Frankfurt are also located in the city centres.
Interest Rates
We find that advertisements such as “interest rates starting from 1%” offend the intelligence of our customers and raise unrealistic expectations. The terms of a financing always depend on the personal situation of each of our clients. This does not contradict the fact that we will always achieve the best possible conditions for you.
Domestic Customers
The applied interest rate is based on both the loan to value of the property and your employment position i.e employed or self-employed. The fixation period are from 5,10, 15, 20 or 25 years. The shorter the fixation period the lower the interest rate.
The amount of equity you invest and thus the risk of default of the banks also plays an important role.
Many banks reduce the interest rate if customers can afford to repay the loan within the fixed-interest period. This also reduces the risk of default on financing for the banks.
International Investors
Only a few German banks are offering mortgages to foreign investors due to their internal lending regulations. Through our constant open dialogue with such banks and established long term relationships at senior level, we can ensure you are getting the best deals possible.
The applied interest rate is based on both the loan to value of the property and your employment position i.e employed or self-employed. The fixation periods are from 5,10, 15, 20 or 25 years. The shorter the fixation period the lower the interest rate.
The mortgage products for international investors are very standardized and you do not benefit from being able to repay the loan more quickly or from using more equity.
Finance approved.
What’s next?
What’s next?
Your mortgage contract is signed, sealed but not delivered, if you are buying an apartment in a new development. The developer will send you invoices due to the construction status of your property. The construction period can be up to 24 months or longer and you have to stay in close touch with your bank. We will save you time and ease your mind by guiding you through this process and assist you by preparing your payment orders to the lenders.
Refinancing my mortgage
At the expiration of the interest fixation term, you have two options:
- Paying off the entire mortgage or as much as you wish.
- Refinancing it with your current bank or a another lender, which is offering a better deal.
You also have the opportunity to have your property revalued by the bank and to receive additional financing that allows you to make further investments or to replace more expensive financing in Germany or your home country. Your mortgage will be monitored by us continuously and we will inform you about your options in advance of your interest fixation term expiring.
We will guide you through the lending process from start to finish, answering all your questions by phone and email immediately. We will provide you with the mortgage contract. This service is free of charge as we get compensated by the bank.
We will liaise with your solicitors and the seller / developers of your property so that we are all informed each step of the way. We as well guide you through the draw-down process of your mortgage, this is particular relevant if you are purchasing a new development. In this instance, the loan will be drawn down at various stages of the construction process, as payment becomes due to the developer.
Personal advice – all over Germany
MLP has branches in all university cities in Germany. MLP has around 1,900 independent client advisors. Around 1,700 employees work in the administration and support of the consultants. Experienced English-speaking consultants who are perfectly prepared for the needs of foreign real estate buyers are available to you in Germany’s seven major real estate locations.
If you have your workplace in Germany and also need high-quality advice on all aspects of real estate financing, you can rely on the experience and expertise of our colleagues.
Peter Kleinwächter recommends personal advice from his colleagues in Hamburg, Frankfurt, Cologne, Dusseldorf and Munich. Consultants in Leipzig and Stuttgart will be introduced to you shortly.
James explains!
James Meads is a UK citizen who has lived in Germany for 12 years and now divides his time between Wiesbaden, the UK and warm, sunny places during the winter. He’s dealt with many of the same frustrations and challenges you’re probably facing and also helped friends do the same. He understands too how overwhelming it can be dealing with German administration and bureaucracy, especially if you don’t speak fluent German!
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Professional working relationships built on respect and trust
Image source:
- shutterstock_516469729: © justyle(shutterstock.com, #516469729)
- shutterstock_1243064125: © RossHelen (shutterstock.com)
