Glossary

Use our Glossary to understand the different German mortgage terms and definitions

Notarkosten

Notary Fee

The notary fees are divided into approximately 1.5% for the draft purchase contract and 0.5% for the registration of the land charge, the security for the bank. The buyer of the real estate orders the notary to draft the purchase contract. Even if, due to an unforeseeable reason, the purchase of the real estate should not take place, the buyer is liable forthis notary fee.