Basic / Home Financing Split?

In the best case, there is even a mortgage registered on the parents' property, which can then be relatively easily transferred to the new bank, saving money. My parents would have liked to do that for us as well, and we would have definitely taken advantage of it, but in the end, the conditions would have only improved so slightly that it would not have been worth it in our case.

could be. But I am not you. My parents always support us voluntarily and if we get better conditions this way, why not. No one is being forced to do anything here. It's not about risk compensation but about better conditions. There is no risk because we both earn money (despite Corona). I would of course also enable the same for my child. After all, you never stop being a father or mother. Or would you deny your child that? Then we are definitely wired differently

My child knows that I would not say no. My wife and I, however, raise him so that he manages everything himself and never comes up with the idea of risking money from the parents.

When I read the sentence: "There is no risk because we both earn money (despite Corona)." Risk is always there. Think of illness, accident, etc. Every loan transaction involves a risk. Unless you have set aside the money for repayment. Then you don’t need a loan. You also have to consider worst-case scenarios. If you don’t involve the parents, it is "only" your money that could be lost in the worst case. This way, you risk your parents’ house. I couldn’t sleep at night if I were to do something like that. As I said, we are different in this regard.

Sure, there is always risk, but if you only thought about risks or approached things pessimistically, then I wouldn't be allowed to build a house because something could always go wrong. I think positively and am optimistic about the future. I would rather clean in the supermarket at night (no offense to those who do it) than let even the slightest harm come to my parents. That’s that. It would be boring if everyone thought the same. There is nothing more to say on the subject. So if anyone has experience with such a situation or wants to give tips, etc., I am grateful for feedback.

It would definitely be great if it could be done that way, because we are dependent on Bank 1 when it comes to the property.

I would purchase the property with Bank 1 - but not for 15 years, rather a maximum of two years. Or are you tied to long-term financing? Then you could plan calmly and negotiate the complete package with Bank 2.

I would rather clean in the supermarket at night (no offense to those who do that) than let even a cent come from my parents. So much for that. It would be boring if everyone thought the same.
There is nothing more to say on the subject now.

So if anyone has experience with such a story or wants to give tips etc., I am grateful for feedback

You contradict yourself. Why don’t you just go clean in the supermarket at night now and take out the entire loan from Bank 1 and not burden your parents’ house...???

I would do the land purchase with Bank 1 - but not over 15 years, rather a maximum of two years. Or are you bound to long-term financing? Then you could plan calmly and negotiate the overall package with Bank 2.

Hm. I hadn’t considered that so far. Thanks. Honestly, I don’t know if we are bound long-term, as we haven’t received much information yet. The land was subject to a bidding process by the bank. We are currently in first place. However, the bank wants the financing to be done through them at the purchase price (excluding additional broker fees) as well (that was apparently a requirement, although not visible beforehand). Accordingly, I am currently waiting for more information. About 1.5 weeks ago, we submitted all documents including my parents’ land register excerpt and had a phone call this morning in which further information was requested, such as the amount, whether only land financing or the total financing, with special repayments, KFW subsidies, etc. Therefore, I wanted to get a few additional details on the subject and ended up here.