Building savings contract or annuity loan - final decision!

  • Erstellt am 2016-06-24 12:45:32

Sebastian79

2016-06-24 14:04:17
  • #1
No, not at all...
 

Nescool

2016-06-24 15:35:45
  • #2
Why then the term expected allocation in 2026?
 

Musketier

2016-06-24 15:44:18
  • #3
Because it depends, on the one hand, on whether you make your payments according to the plan and, on the other hand, whether the building society has enough capital at that time. The higher the valuation number, the further ahead you are in the allocation ranking


What happens to you if you do not save the building savings contract according to the intended plan? Is the point "fixed interest rate until allocation" somehow bypassed then? Otherwise, it could drag on forever.
I must admit, I did not know about the "fixed interest rate until allocation" until now either.
 

Nescool

2016-06-24 15:50:24
  • #4
That is of course the logical consequence that I follow the installments as specified from start to finish. Now only the danger of this valuation figure you mentioned remains. sees a danger there, the previous TEs write that there is no danger of interim financing/GaP for me, now unfortunately I am no wiser than before.....
 

Musketier

2016-06-24 15:53:21
  • #5


It depends on the conditions, whether you have agreed in the contract on
- an interest rate fixation until allocation or
- a fixed interest rate fixation until 01.01.2027 (example).

Until now, I only knew the fixed interest rate fixation.
 

Caspar2020

2016-06-24 15:53:40
  • #6
: The building savings contract must be saved with the intended installments; otherwise, the BSK will quickly become unpleasant. I believe the installment is also debited.

By the way, from the LBS product information sheet:

"For building loans, the fixed nominal interest rate remains unchanged until the full repayment of the loan. The amount of the nominal interest rate is already firmly agreed upon when concluding the building savings contract for the later building loan. For pre-financing and bridge loans, a fixed nominal interest rate 'fixed until allocation' is usually agreed upon, so that you have interest rate security for the entire financing period (pre-/bridge loan and subsequent building loan).

Furthermore, LBS offers you for pre-financing and bridge loans as well as annuity loans fixed nominal interest rates of up to ten years. After the agreed fixed interest rate period expires, we offer you a market-standard nominal interest rate for a further period in these cases, or continue the loan with a variable nominal interest rate if no new agreement is reached after the originally agreed fixed interest rate period."

On the topic of not following the plan:

"Breaches of duty, especially payment default, can lead among other things to extraordinary termination of the loan. In this case, the outstanding residual debt from the loan becomes due for immediate repayment. If you cannot make this payment, this can lead to enforcement of the securities, especially the property."

So before signing, check whether "fixed until allocation" is agreed upon.

: So you have to check what the conditions for your offer say. Then there is no problem with the valuation number because the reallocation may take place somewhat later.

And from "For legal reasons, LBS is not allowed to name the allocation date bindingly in advance." But this is the case with every BSK.
 

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