Built-in kitchen with financing possible?

It's not about not being able to prove 20,000 euros ... just read carefully:

go to the broker, don't mention the kitchen, use equity for the kitchen, increase financing. The result is what you want without even a discussion.

I already wrote that in ..

What is special financing? At least in the contracts I have read so far, you are only allowed to start with special repayments after one year. So for that long, you also pay interest on the "excess" money. That is why I always find it important to make the most accurate calculation possible, because too little money is really bad, but too much also unnecessarily costs interest (both regarding the later repayment as well as due to increased loan-to-value ratio and the associated higher interest rate).

Special repayment 5%. If there are no invoices for €20,000, why should you pay commitment interest? I assume that the €20,000 does not have to be documented and that the loan is considered fully utilized. Or did I misunderstand?

That will be the case, with the 20,000 EUR already being the upper limit of what is granted without a receipt. However, you can only redeem again one year after full repayment, so you still have to pay interest for the year.

That will be the case, although the €20,000 is probably already the upper limit of what is granted without a receipt. However, you can only repay specially again one year after full payout, so you still have to pay interest for the year.

Yes, you are probably right. But better the €200 interest than refinancing with a higher percentage. At ING it is +1% to the original financing.

By the way, our favorite is also ING!
The loan-to-value ratio is about 70%.
However, ING is very particular and operates like a credit manufacturer. If you don’t fit their scheme, you’ll be rejected without the possibility to renegotiate. And ING does not accept kitchens!
Not even Allianz, which is our second choice.
ING is just under 1% over 20 years and Allianz is at 1.29.
Provision interest after 12 months is 1.8% at ING. They only allow a maximum of 12.
Allianz allows up to 24. The interest rate mentioned above includes 18 months.
DSL, where all this is not a problem, is at 1.59. And this has nothing to do with the loan-to-value ratio because the interest rate remains the same even if we request 20k less!
ING is, for example, one of the banks that looks very closely to see if there are receipts for the funds. There is no simply disbursing money without proof. In the end, an appraiser from the bank comes and checks if everything was built as stated. If the chimney is missing, there can be trouble.
These are my pieces of information.
Does anyone have other information about this?

The topic of disbursing the remaining funds is also on my list, but one could open a new topic about that.

Yes, that should not be a problem or is normal. You can also fine-tune the calculation by rounding up generously and/or include a chimney that you then ...oops... don't build after all. You then use the leftover money for the kitchen.

That is exactly the question whether that works like that. We also calculated with a construction buffer and generous estimates that there will definitely be some left over. But how much can be left over and how much do they pay out at most in the end for free use? Surely it varies from bank to bank but for a builder it’s terrible.