New Opportunities in Finance for Black Label Properties’ International Clients

Berlin estate agency brokers free current accounts for overseas investors of all nationalities

London, 4 October 2017 – Individuals looking to buy property in Berlin will no longer have to travel to Germany to open a bank account, thanks to a new service from international estate agency Black Label Properties. The process, which is currently only being offered by Black Label, will make it much easier and cheaper for overseas clients to obtain a mortgage. It is a part of an extensive range of packages created by the innovative estate agency, which makes the buying process very simple and transparent for overseas investors.

“I am happy that I have found this solution as it should make life a lot easier and cheaper for our clients compared to what we could offer so far. We have had severe delays because some lenders require that a client attends personally to open a bank account. In practice, this often led to hold-ups of up to three months, and in the worst-case scenario, the purchase didn’t go through,” says Berlin finance broker Martin Bonnet, head of the international finance team at Black Label Properties. “It has been very complicated and stressful for our clients so that this new process will make buying property in Berlin much quicker and easier. Investors who are resident abroad can now legitimise themselves with a resident notary in their home country, and will no longer have to travel to Germany to open a bank account”.

A Simple System for Overseas Investors

• The current account is free of any charges and open to all nationalities. The only fee is for extra services such as postage of bank statements
• The bank accounts can be opened very quickly. Black Label can verify a client’s ID and will take English copies of the forms. The final admin fee payable to the agency is just 50 EUR (no vat)
• Clients get a free of charge VISA debit card
• Two forms are required to open a current account. The first is an application form and the second, a legitimation form on which a notary confirms the original ID and the client’s signature. These two documents can then be posted to Germany.

Black Label Properties will guide its clients through the entire process. “We provide an English translation of the application form and further help which enables the accounts to be opened very quickly. The requirement is that the two forms are signed before a notary in the home country. For the complete service, which is open to all nationalities, we only charge 50 EUR including vat. I am excited to offer this simplified process for real estate financing from abroad,” adds Martin Bonnet.

Video: Black Label Properties mortgage expert Martin Bonnet talks about the different kinds of mortgages available to international buyers and how much finance can be raised to help you purchase your property in Berlin. https://www.youtube.com/watch?v=cCN2HYVthu0