Bank Lending Regulations

The bank probably financed the land and part of the house. Then the bank also wants to see the land and part of the house.

But you want more money than the land is currently worth because the construction progress has not yet been reached.

In my opinion, the real estate agent failed and you slept on it.

1) Talk with the real estate agent that he should take care of it and
2) clarifying conversation with the bank, hoping that they will release the money there (possibly with additional costs) and an assignment of part of the purchase price payment.

I would also call the bank first. Somehow, something didn't go well communication-wise, so if I were you, I would personally take care of it first and then give the advisor a nudge again.

Yes, we did that.
As it looks, everything is settled and we will get the money.
I should have sought the conversation right away.

Yes, we did that.
As it looks, everything is settled and we will get the money.
I should have sought the conversation right away.

Great!

We will also pre-finance, refinance part of it, and "transfer" part of the loan from the old house to the new one. And we only have just under 10k in free equity, which we do not want to contribute.
At the moment, I am also frequently in contact with our bank advisor to make sure nothing is overlooked. It is really an advantage to be able to just quickly call and ask. Saves sleepless nights ;-)

That was the reason for us to choose the local Sparkasse (with similar conditions). We also have a bridge loan until the sale of the old house. Otherwise, the contact is very straightforward. I can only advise everyone to always make personal contact. We also had a fee-based advisor (who is also good) but personal contact always helps the most!

Very good