Return to the homeland - how much credit can I afford?

After many years abroad, I am considering returning to Germany to start a family. However, this is only if it also makes financial sense and I can afford a good lifestyle. A single-family home in a good area would have to be included.

I now have the opportunity to move to Frankfurt with the company, which I am seriously considering. Unfortunately, a single-family home in the area is no longer cheap. For something with 150m2+ in a good and also international area (important for my partner who does not speak German), e.g. Taunus, it seems you need about 1.5 million plus additional costs.

Therefore, I would be very grateful if you could give me some advice on potential financing options. Would the following be possible, assuming:

[*]Who are you? 2-person family
[*]How old are you? 34 & 32
[*]Are there children? No
[*]Are children planned? Yes, 1 or 2
[*]What do you do professionally? Bank employee, partner would become self-employed and start something new

Income and asset situation:

[*]What income do you have (gross/net)? Net about 7,000 per month + net 40,000-70,000 bonus per year.
[*]How much equity do you have? 500,000
[*]How much equity do you want to put into the house project? 400,000

I roughly assume a financing amount of 1.25 million. The question is, would that be feasible with my salary? A monthly rate of 3,500 would give me a repayment period of 35 years with a 10-year fixed interest rate of 1%. For me, the numbers would work and the salary should also increase, but do banks agree to something like this? Is that realistic?

Unfortunately, I have no experience with house buying in Germany and also no close contacts who understand these sums and with whom I could discuss the whole thing. Thank you very much in advance.

A colleague of mine sold his parents' house in the Frankfurt area in a quite good location for well over 1 million euros. It was bought by a "banker" who - according to my colleague - has an income similar to yours. I am not aware of any equity. The buyer stated that the house would bring him to his financial limits and that they would therefore not carry out any renovations. However, with significant equity, I consider the project feasible!

You work in a bank, right? Isn't there a contact person there? :)

Thank you! Every clue helps at the moment since I simply have no feeling for the whole thing. The monthly payment of 3.5 would not be a problem, but I don't know if the banks would allow that. Although I am with a bank, they don't do real estate, only investment banking.

In England, I am limited to a loan of 4.5x gross base + 50% * 4.5x gross bonus. That means with 150,000 base + 100,000 bonus, a maximum loan of 900,000 is possible.

It seems that the German banks are somewhat more generous, but I am trying to find that out.

Is it a fake thread? You are a Bänger with a very high income and equity. Normally, you should quickly become familiar with the common loan approvals. Otherwise, off to the broker. By the way. Currently, you receive income abroad and have your residence abroad. Also not in the EU. That almost reduces your options to 0% to obtain financing.

The OP wants to relocate to Germany.