Bank comparison · Residence United Kingdom

Buying a House in Germany — Banks for UK Residents

Since Brexit the situation has noticeably improved: no more conversion right, GBP income possible with specialist banks. Olga Nikushkina has arranged more than 300 financings for tax non-residents since 2019.

Which banks finance tax non-residents living in the United Kingdom?

Since Brexit the situation has noticeably improved: no more conversion right, GBP income possible with specialist banks. The conversion right under §503 BGB no longer applies since Brexit — before, it often stood in the way of financing. Of the 650+ banks in reach, tax non-residents generally have a circle of 6–10 institutions — for the United Kingdom the point above additionally decides which of them apply. Olga Nikushkina has arranged more than 300 financings for tax non-residents since 2019. This is not legal or tax advice.

Conversion right §503 BGB

What legally applies for residence in the United Kingdom

The conversion right under §503 BGB no longer applies since Brexit — before, it often stood in the way of financing. Income is typically paid in GBP — details on the full constellation (loan-to-value, documents, currency discount) are on UK, USA & Asia — all topics.

FAQ

Frequently asked questions

Which banks finance tax non-residents living in the United Kingdom?
Of the 650+ banks in reach, tax non-residents generally have a circle of 6–10 institutions — mostly Volksbanken and Sparkassen with international experience, plus two or three specialised large banks. Since Brexit the situation has noticeably improved: no more conversion right, GBP income possible with specialist banks.
Does the conversion right under §503 BGB apply for residence in the United Kingdom?
It no longer applies since Brexit — before, it often stood in the way of financing.
What currency is my income paid in?
Typically GBP. Banks convert foreign-currency income into euros with a safety discount — details on the full constellation (loan-to-value, documents, currency discount) are on UK, USA & Asia — all topics.
Related

By country and topic

Overview

All banks for tax non-residents

Partner network, institution types, reach vs. brokerage.

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Country

UK, USA & Asia — all topics

Loan-to-value, documents, conditions for the United Kingdom.

UK, USA & Asia — all topics →
Calculators & funding

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Calculator

Calculate your budget

How much property is realistically financeable with your equity and income?

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Funding

KfW funding

Usually excluded for a pure investment property from abroad — returning for owner-occupation often opens up regular KfW programmes.

KfW funding →
Funding

State funding by federal state

Almost every federal state has its own development bank, often combinable with KfW.

State funding by federal state →

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