But I’m actually wondering now (because we would have the "problem"), how can you get a loan as the sole earner of your partner? Income, including child benefits and then for the one year of parental allowance, fine and good, but banks don’t accept that, do they?!
If you earn accordingly, you can get a loan even as a sole earner. Parental allowance is generally not recognized as income by banks, as it completely stops after one or two years anyway.
My husband earns €1,500 net. I am a trainee and have a total (wages, child benefits, maintenance, BAB = vocational training allowance) of around €1,600 – we already live in a house with the in-laws and therefore have no rent!
That will not be enough to buy a house that is livable, let alone a new build. Just think about it yourself. You are a trainee – your apprentice salary will probably not be very high, is not subject to garnishment, and will stop after the apprenticeship. What if you are not taken on and don’t find a new job immediately? Or if job opportunities are limited in the region where you currently live? Child benefits and maintenance for you or for your child (if applicable)? If for you, that will also stop in a few years at the latest. BAB stops as well. So in total, probably only your husband’s money remains. And that is too little.
We have already picked out a few little houses – but we have no equity ourselves. But easily €800-1000 could be saved or flow into the financing.
And why do you then have no equity if you don’t pay rent and have over €3,000 available per month? No equity is bad – at least the additional costs should be able to be paid from equity.
But….. we would never get a bank loan like this, would we?
I’m sorry, but I think that will be the case.
Just a brief note on the side: How old are you? That sounds quite young to me. If that is the case – this is not meant as an attack on you, but: Why not first see what life brings? What the job (both yours and your husband’s/boyfriend’s) brings? Do you want to commit yourself so firmly in terms of location, career, and finances already? Just see first how you manage financially and save equity. The more, the better. Also see how your salary develops. In a few years, when you have finished your training and have a permanent job, and maybe your husband earns a bit more, the world might look quite different already. And why does it have to be your own house at such a young age, hardly out of childhood shoes?