Bank withdraws financing commitment due to defects

Unlike the others, I don't see the matter as so dramatic. It is fair for both sides if the defects are listed

Fair is probably fair.

If the bank waives an appraisal, it cannot later terminate the loan agreement,

Yes, it can. Because it assumes a defect-free property. Age-typical signs of wear are taken into account through the age-related depreciation. But here it is about specific structural damages that are named. Thus, a deterioration of the property. And then the bank may terminate. As always: talking helps. But not only when the horse has already bolted. Common sense already says that if structural damages appear in the purchase contract (and according to OP not only moisture and mold but also other defects that are not even mentioned here), everyone really stumbles over that and wonders whether it is even a habitable wreck or whether hundreds of thousands of euros in renovation costs are necessary (exaggeratedly formulated).

The OP doesn't seem to care about it anymore anyway.

The OP doesn't seem to care anymore anyway.

Given the statements that were partly below the belt, I can understand that. The OP probably has quite different worries at the moment.

I can understand the statements that were partially placed below the belt.

Presumably, the OP has very different worries at the moment.

Well, it is becoming increasingly fashionable to ask questions and then simply disappear into the void. He did ask here - if he had other worries, he could have spared himself that. I am now only reluctantly answering and take the time for it because often there is simply no feedback anymore. Of course, I still wish the OP all the best and that a solution can be found for the problem, but it is still not the proper English way.

These are all defects to be fixed (probably sealing), and I guess the house is probably not about to collapse, right? So fix the defects and that's it - the bank should be willing to negotiate before it just withdraws the financing commitment. Of course, that's their right, but a bank entrusted with the financing of such a project should be somewhat aware of its responsibility and first clarify in detail what exactly is going on. Honestly: Such a bank will leave you hanging at the first opportunity when life gets difficult and maybe not everything goes according to plan. Find yourself a sensible partner. For me, it was very important during my financing to have people who are available to me locally and at any time and who take care of my worries and problems. That's why it became the local house bank - it's not always about the last 0.1% interest ;)

First of all, thank you very much for your feedback. I was certainly aware that it would vary, but some things can also be expressed more diplomatically. Since I work full-time, the primary concern initially had to be the financing.

Regarding your responses:

I am of course aware that the bank wants collateral for the loan, and the necessary renovations were of course taken into account in the purchase price, but there was apparently a lack of communication because according to the bank advisor, when the word mold is mentioned, the initial reaction is always no; the bank also said they could have handled this better.

Since there is now a new status, I would like to give an update:

The moisture damage is more than just a spot on a wall, but this was of course considered in the purchase price. There are other defects, but these are insignificant in comparison. There is considerable additional equity available for the renovation since the house is intended to be renovated and refurbished before moving in (this was always planned anyway, as we certainly did not want to move into a house with moisture and mold). The old rental agreement therefore still runs for 6 to 9 months before the move is planned.

The additional capital was known to the bank, but the intended use was not.

The solution with the bank will now be that part of the equity goes into an account at the bank and the companies will be paid from there, and in return, the actual loan will be provided as approved. A real estate agent from the bank’s real estate department conducted an inspection beforehand so that the bank would have its own valuation basis in order to reach a solution as quickly as possible.

That’s the overview; if you have any further questions, please feel free to contact me.