Banks for 110% financing

So, it may well be that you can manage it in the long term with civil servant status, etc. But put yourself in the shoes of a bank. Two people come who want a €440,000 mortgage loan. At best, they can only secure €300,000. Because that would be the amount recovered if things go wrong and the house has to go to the court in foreclosure. €140,000 remain unsecured. At the level of consumer credit... that's the problem. What would happen in case of divorce? In case of disability? Early retirement? Premature death of a borrower? These are questions I would ask as a lender. Additionally, banks are legally obliged to advise you and not to offer such financing without equity, in order to avoid situations like 2005 in the USA. There will be someone who brokers such a thing to you. Some offshore bank will surely do it. I would find it much better to now take out a high building savings contract with a secured low interest rate at allocation maturity, and only then start building. There will be plots again, there will be used properties, trees never grow to the sky. Interest rates rise, but the building saver has their guaranteed interest rate, yet the property price will stagnate or even fall. It has always been like that.

Thanks jtm80 for this finally helpful post! Yes, family planning is completed, my son is 15, I will turn 37 this year, unfortunately the second child was not meant to be! I have contacted the local Dr. Klein advisor and will also keep an eye on the banks you mentioned!

We don't have any extraordinary monthly expenses, at the moment there are just two rents and living costs due to separate households (at the local rent level, together already 1500€ warm every month). My partner paid cash 20k for his car last year, so only the usual insurance applies there. Otherwise just the usual insurances and phone and whatever is needed regularly..

When was the last time (in the long term) that real estate prices fell???