Building savings loan with building savings contract

- additionally, there is a deferred annuity loan of €100,000, deferred, interest €434 per month.

The note says L-Bank, but that will also be repaid starting in 2026 and by 2035 the remaining debt will only be €84K. On the other hand, there are €150K from the building savings contract. To me, this looks like the big refinancing after the 10-year fixed interest period, where the remaining debts of €189K + €84K minus the building savings balance of €150K would have to be refinanced again. It would have been nice if the costs until the refinancing had also been shown or the €150K had simply been deducted. As it is now, you have to calculate everything yourself.

The home loan also shows the wrong effective interest rate (at least when you want to compare interest rates). The insurance is not included in the effective interest rate. Since the insurance initially rises despite the decreasing remaining debt and only falls towards the end, I cannot calculate an interest rate there either. Roughly calculated, depending on the year, it should come out somewhere between 3% and 3.5%.

Thank you for the answers! My advisor explained this complicated construction to me in a thirty-minute conversation. Indeed, I have been reading a lot in the forums over the past few months, but I remain a layperson. I have informed myself about TA loans with building savings contracts. It is not the same for me. With TA loans, you do not repay anything until the building saver is entitled to allocation. However, I will repay (I have calculated approximately 1.4% repayment until 2036). I remember the advisor said something like: "When the building saver is entitled to allocation, the 100,000 euros from L Bank can be paid out." But I am not 100% sure if that was the case. For me, this is really complicated, which is why I am here with you. My advisor is currently on vacation. I will talk to him again in a month. Until then, I wanted to be better prepared. At the moment, I only have this offer (the notes in the photos). If what you see is not clearly stated, probably the whole offer is not so well formulated. I also noticed something: the advisor clearly promised me - he can reserve all interest rates for more than one month for me, except L Bank.

Thank you for the answers! My advisor explained this complicated structure to me in a thirty-minute conversation. Although I have been reading a lot in the forums over the last few months, I remain a layperson. I have informed myself about TA loans with a building savings contract. In my case, it is not exactly the same. With TA loans, you do not repay anything until the building saver is eligible for allocation. However, I will repay (I have calculated about 1.4% repayment until 2036). I remember that the advisor said something like: "When the building saver is eligible for allocation, the 100,000 euros from L Bank can be paid out." But I am not 100% sure if that was the case. For me, this is really complicated, which is why I am here with you. My advisor is currently on vacation. I will talk to him again in a month. I wanted to be more prepared by then. At the moment, I only have this offer (the papers in the photos). If what you see is not clearly stated, the whole offer is probably not very well formulated. I also noticed something: the advisor clearly promised me – he can reserve all interest rates for more than a month for me, except L Bank.

Unfortunately, building savings contracts are a really complicated matter. I will try, as far as I can oversee (it is really complex), to summarize the most important points: 1. The monthly rate will be approximately €2000 (spread across the two loans and the building savings contract). Is that financially feasible for you? (Additional costs for the house come on top; the €2000 roughly corresponds to what the current cold rent is.) 2. Have you had an independent financial service provider (ypg, for example, has already recommended one) calculate how high the total rate would be for the combination of a normal annuity loan + consumer credit for incidental costs? Including total duration? Just to have a comparison here. One thing worries me a bit: probably no reserves will remain here for investments. Initially, it was said that the house was last renovated in 2012. That's already good. However, I would definitely send an independent expert through before the purchase. Yes, that also costs money. But if there is any major hidden problem, there could be trouble otherwise. I would want to be on the safe side here. Currently, financings >100% are not easy. This structure with the building savings contract seems feasible to me at first if the rate is manageable. Nevertheless, I would take a look at whether the alternative (annuity + consumer credit) might be feasible (same rate with lower duration would always mean: lower total costs). This is my impression for now. All the best with the project!

The Sparkasse also tried to sell me something like that. No matter how long I dealt with it and how long the advisor explained, I just didn’t get it. That was the reason why I didn’t do it and chose a plain ordinary annuity loan...

Just briefly from vacation. I have never (!!!) sold a building savings loan. There may be individual cases where it fits. Disadvantages: - Saving BSV with poor and ==> therefore loan without repayment, whereas repayment has a better effect there - Costs for contract conclusion (the bank makes really good money with such a construct) - very high repayment with the BSV loan (terms usually 7-15 years, thus up to 5 times more repayment than with a normal diverted loan) - no advantage for the bank, no risk minimization or the like. Tip: Calculate costs over the entire term and compare with a classic construct