Blocked account/bank guarantee as security for the municipality

2019-08-06 18:05:29

We have also unsuccessfully tried to pledge an account of the municipality (in our case it is about securing a self-use obligation). Banks do not do this here, except for house customers and even then only in exceptional cases and if you say „please please“ very nicely. Instead, we now have a first-ranking mortgage on the amount in question and are lucky that our financing bank is cooperating. Unfortunately, this costs us about 0.1%.

2019-08-06 18:28:57

We also unsuccessfully tried to pledge an account of the municipality (in our case it’s about securing an owner-occupancy obligation). Banks don’t do that here, except for house customers and even then only in exceptional cases and if you very politely say "please please." Instead, we now have a mortgage over the amount in question in first rank and are lucky that our financing bank is cooperating. Unfortunately, that costs us about 0.1% or so.

Incredible! What amounts are always involved there?

2019-08-06 18:45:33

Madness! What amounts are we always talking about here?

For us, it is only EUR 5K. All the more annoying this whole fuss.

2019-08-06 18:48:26

16025.

2019-08-06 19:10:24

For us, it is only EUR 5K. All the more annoying this whole fuss

Transfer to the municipality! The costs are higher there. And there are no interest charges anyway. From the banks’ perspective, I can understand it. Too complicated and expensive. Not proportional.

2019-08-06 19:11:40

16025.

Subordinate land charge was not accepted?

Blocked account/bank guarantee as security for the municipality

Kekse

HilfeHilfe

Prorange

Kekse

HilfeHilfe

HilfeHilfe