As said, it is about the fact that the bank would not pay EBK if we submitted the invoice for it. And not about the fact that we cannot finance more than the amount x!
Which bank adds something on top for free disposal? We'll take that one!
Every one! It’s just called differently. Instead of stating €100k equity, you only state €75k and thus get an additional €25k financing. Completely normal. Equity substitution. And with good run-offs, every regular bank (more difficult with direct banks, as not plain vanilla mappable through the system) also releases money for free disposal. A few weeks ago, I had offers from Deutsche Bank and from the Volksbanken sector myself – money that I will use for renovation after the purchase, but which is paid out directly for free disposal (enough equity contribution at purchase so that the banks don’t care about the renovation at all). Could also buy the Porsche or throw a flashy party.
Well, if I state 75k instead of 100k, I keep my money and can do whatever I want with it. But that doesn't mean the bank gives me money for free disposal. This is not about the topic of [Beleihungswert] and [Eigenkapital].