Banks for 110% financing

I just looked at the §, it could be that my bank is always on my case because we bought an existing property and the lending value is only calculated/was calculated proportionally from the purchase price (as-is condition without finishing/renovation). Viewed this way, after almost 6 years we are still above a 110% financing (... back to the topic!) and it may be that I wouldn’t have the inquiries anymore if I had the current condition reappraised ... but what for?

It doesn't help me (after all, I am an appraiser myself, I know what comes out of it) and it doesn’t help the bank or my account officer either. At most, the sporty thought would tempt me because I already tried to find out how the bank evaluates when buying - but they understandably didn’t want to let me look so deep into their pockets.

Best regards Dirk Grafe

P.S.: on the topic of "drifting off": I think it’s still okay in this thread, the thread is still tangible, but I’m not a mod anymore, so it’s no longer my problem

My bank requests it automatically every year, my caseworker apologizes each time for the automatic email. Ultimately it doesn't matter at all, as long as the installments are paid. For me personally, it is also the case that the home financing and business account are with the same bank. That wasn't originally planned, but it turned out that way. In any case, my caseworker already knows because he can see my business account. Whether I then send him the detailed profit and loss calculation or not, or whether a sack of rice falls in China, it's the same thing.

They're not completely stupid when it comes to financing self-employed people, , with your company there are probably (just pure speculation on my part) queries/info that can be obtained quite easily without asking you. That's not so easy with me, for example, because I don't appear in the commercial register or similar, at most the Schufa score is retrievable.

Best regards
Dirk Grafe

No..I am also just a sole proprietor. The bank for property loans is Ing-Diba and the rest we have at the Sparkasse..they have nothing to do with each other. When applying, only the last three years (balance sheet) were checked..nothing more. No inquiries. If they were to come around at some point now..I would be very surprised. But I am actually sure that won't happen (of course as long as the installments are paid).

I think it's simply different practice: my bank does it, Ing-Diba does not. But Ing-Diba should be able to demand it too, it's certainly stated somewhere in the fine print.

Best regards
Dirk Grafe

The question then is also... what should it achieve. Suppose my income suddenly drops to 0... because I have decided... to retire. I pay the installments from the savings. To avoid paying negative interest... I hoard the money at home. What then? Termination of the loans??? that's ridiculous...

Yaaawn... Can you continue arguing somewhere else?

We are not even arguing..