Danish and EU/EAA citizens
The law in Denmark dictates that Danish and EU/EAA citizens can finance up to 80% of their property with a mortgage.
The next 15% can be financed with a bank loan, and the final 5% is the down payment, i.e., your savings.
Non-Danish and Non-EU/EAA citizens
If you are neither a Danish nor an EU/EAA citizen, then the down payment varies from 10-40% of the purchase price.
You can still finance up to 80% of your property with a mortgage but how much you can really borrow is determined by your bank.
Also, non-Danish citizens might have to obtain permission to buy property from The Department of Civil Affairs under the Danish Ministry of Justice.
Buying property in Denmark after Brexit
Since the UK has left the European Union it has been that much harder to buy in Denmark.
Brits are now classed as non-EU citizens which means you'll need a visa and permission from The Department of Civil Affairs under the Danish Ministry of Justice.
This is of course all something we can help with at Bomae.