Buying a house, how much loan to take?

Hello,

We have found our dream house. Costs 230,000€. Equity about 35,000€. Income about 3,600€ + bonus payments.

Now the question: How do you use the equity? We have planned 20,000€ purchase incidental costs, 8,000€ kitchen (we absolutely need one) and 7,000€ for floors, wallpaper, etc. That would already use up our equity.
However, the bathrooms also need to be renovated and a little bit outside in the garden. Costs about 15,000€ which we would have to borrow additionally. Total therefore 245,000€. Will the bank agree to that and how will it affect the interest rate? Do they see that as over 100% financing or do they say okay the house will actually become more valuable after the renovations?
How was it with you? Did you borrow more than the value of the house and if so how did that affect your interest rates? I would appreciate answers.
Thanks and regards!

So: House price €230k (or including ancillary costs???) = mortgage lending value €210k + €8k valuation for renovation = house value €218k. At €245k, a loan above 110% – very tight and probably also expensive.

Purchase price €230,000. Additional purchase costs of approximately €20,000 apply. Yes, I also think that is quite steep. Our plan is to repay 2% (at the beginning) + interest. Would like to take out a loan for 15 years.

Will the bank go along with this and how will it affect the interest rate?

It depends! If your renovations/modernizations are recognized as value-enhancing, the loan-to-value ratio decreases. However, a discount is usual here, i.e., only 70% (as an example) of your modernization costs are recognized as value-enhancing.

Our plan is to amortize at 2%

In my opinion, that is too little given such a high loan-to-value ratio and the current interest rate level. You should start amortizing at 3% p.a. The bank will probably see it similarly...