Alternative to the account statement for the saving history of equity

Hello everyone,

One of the required documents for our application is a savings history of the equity. However, I do not want to submit all transactions of my account as a bank statement and am therefore looking for alternatives. Although I have already contacted the bank regarding this, the responses are still pending. Maybe someone has an idea of what options are available. I am grateful for any suggestions.

Maybe just black out parts? Alternatively, at my bank you can also have a balance report created for a specific date, you could also have that created at regular intervals (every month or every quarter or whatever?)

We didn't need something like that, but now just as an idea

One of the required documents for our application is a savings history of the equity. However, I do not want to submit all transactions of my account as a bank statement and am therefore looking for alternatives.

How exactly are you saving? Where does the money come from? What exactly is stipulated in the contract? How often do you save? How long do you have to save until the loan is paid out (are you building in three months or only in three years)? This determines what you can submit. By the way, I have never seen a savings history of the equity as a requirement – either the equity is there by the defined date or not. So either the disbursement condition is met or not. What the bank wants is nonsense. But now it is too late to negotiate.

Thank you very much for the feedback. Unfortunately, I did not realize that someone had replied.

With the NRW.Bank, it is the registration office, which is different for each city/municipality, that determines which documents still need to be submitted. Our registration office is known, in addition to very slow processing (6 months just for the acknowledgment of receipt), for being very meticulous and detailed, especially when it comes to equity capital. For the last 4.5 years, I have always saved the bank statement at a specific date as a PDF and hope that this will be sufficient. I simply do not want to submit every small transaction from the past years there.

By the way, the banks themselves are not much help. As soon as they realize that it is for another bank and that I have not used their loans, they become totally uncooperative. Something as simple as the account balance at a certain date, they refused to provide me. Two different banks.

But what I had to compile as documents for the NRW.Bank and how many forms and documents I had to sign, I have never experienced anything like it in my life. Compared to that, the KfW is relatively simple and straightforward.

We also did not have to provide proof of the savings history. As equity, we contributed the building plot, various ancillary/planning costs, and around 50,000 Euros in cash. This was credible to both the approving authority and the house bank (further financing).

In the case of housing promotion, it is important to note that equity and/or personal contribution of at least 7.5% must be proven. The money must not be borrowed from family or the like. However, an unconditional gift is acceptable. Perhaps this issue should be clarified.

Unfortunately, I didn’t notice that someone had replied.

Why is that? Don’t you check your post?

I just don’t want to submit every little transaction from the past years there.

Hmm. I have been doing my income declaration for 35 years. For that, transfer receipts have been required for many years. The bank statements are copied, then edited with a marker and copied again. The relevant parts remain legible.
If your annual bank statements need to be edited, then do it that way. Don’t always think so complicated ;)