Annuity loan rejected, alternative?

Ok, that actually sounds confusing :) I made a typo with ERGO. It was also about €350,000.

For better understanding, I have attached the overview as a graphic.

Since our official and personal appointment at the Commerzbank is only next Monday, we already had a preliminary phone conference today in which the data was roughly explained to me in advance. The detailed explanation will follow next week. As I said, I just want to prepare well in advance :(

P.S.: The plot is located in the district of Lüneburg and officially belongs to the "Hamburg metropolitan area" :)

Now a stupid question! You want an annuity loan, you don't get it from ERGO. Now you're doing what you didn't want to do, a home savings contract with a smaller loan "and no" not at ERGO but with another provider?!? Why you are switching providers, I can understand! But why then the financing concept that you actually don't want.

Oh man... I probably started completely wrong... I have nothing against a combination financing with a building savings contract. However, in the first offer phase, I liked the pure annuity loan the most! Our important points were: long interest rate security, maximum 1400€, duration between 25 and 30 years I also find that reflected in this offer... My intention here was only that I wanted your opinion on the offer itself.

Ok, that actually sounds confusing :) I made a typo with ERGO. It was also about €350,000 there. For better understanding, I have attached the overview as a graphic. Since we only have the official and personal appointment at Commerzbank next Monday, we already had a preliminary conference call today in which the data was roughly explained to me in advance. The detailed explanation will follow next week. As I said, I just want to prepare well in advance :( P.S.: The property is located in the district of Lüneburg and officially counts as part of the "Hamburger Speckmantel" :)

I can't believe that Lüneburg is "too rural" for a bank. Something's fishy. Do you have equity that you are contributing, or is this a full financing? Even then, you will find a loan that at least comes close to the ERGO option. As soon as you reach around 10% equity, the loan options improve significantly.

We are contributing the property (value approx. €100,000) and €30,000 in cash as equity :(

That's great! The property and the equity should actually enable you to get conditions from Ergo with a 25-year fixed interest rate. I advise you to consult one of the three major brokers and explain everything to them in detail. They should also be able to tell you whether you would get significantly better conditions with some additional equity. Also, have them explain what the banks that are relevant would grant you as an annuity. I think you can achieve a payment of around 1300 with a loan if a 30-year term doesn't bother you.

Are you providing any personal labor, such as laying floors and painting?