Building savings contract or annuity loan - final decision!

So my concern about a GaP is unfounded, right?

No one here can say that, because the LBS can do both. It depends on what you agree with your savings bank.

For pre-financing and interim loans, an interest rate fix "fixed until allocation" is usually agreed upon, so that you ultimately have interest rate security for the entire financing period (pre-/interim financing loan and subsequent building society loan).

In addition, LBS also offers you interest rate fixes of up to ten years for pre-financing and interim loans and annuity loans.

You should really discuss this particular concern with your person at the savings bank.

And maybe the TA loan doesn't come from the LBS at all, but from the Sparkasse itself. There are just a few variations.

And that means, as long as I stick to the agreed installments, there is no risk of a delayed allocation. So my concern about a GaP is unfounded, right?

Nope... I already said that the allocation depends on two points. 1.) Minimum valuation number reached. With consistent payments, that should hopefully work. 2.) The BSK must have enough capital available. With WR, a target valuation number is set for every allocation date, which you must have at least in order to be allocated. With LBS, I don't know how that is handled.

You should discuss this again with your banker.

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

To be honest, I don't know exactly. They will be able to terminate the building savings contract. But they would be pretty stupid to do so because they are currently getting a good interest rate on the loan in advance.

It's a pity that the OP did not address my question and look into the financing plan. Or it's not included, which wouldn't be very professional, in my opinion.
So take this point to your advisor and have it written down what is regulated here in your building savings contract.

By the way, my advisor said that they currently have so much money from the building savings contracts that they could theoretically guarantee all allocations for the next 15 years. Of course, I don't rely on that, which is why it was important for me to have in writing that the fixed interest rate applies until allocation.

I have now, after reviewing the documents regarding the bullet loan starting from 2026 with a savings/repayment plan under the section Zinsvereinbarung, found the following passage:

"fest, nach Ablauf Zinskond. gekoppelt an Referenzzins"




or anyone else,

can someone explain to me what this means?

You should discuss this again with your banker.

We have done that by now.
Our advisor told us clearly and openly that they do not have the fixed interest rate until allocation, but until 06/31/2026.
However, he also made it clear that in the 15 years he has been with these clients who always adhered to the agreed installment payments, he has not experienced a single case at LBS where the required valuation number was not reached and the building savings contract thereby did not become allocation-ready on time.

Now I would like to ask you: Has anyone ever actually experienced the case of a late allocation, and if so, with which building society that was.

Best regards, Nescool