Connection between financial intermediary and construction company

What problems can arise from the [Verbandelung]?

This is about the principle. I am the builder. Mister. Not servant. I decide who builds what where, who lends me the money, which notary I want, etc. Period. That's how it is.

What problems can arise from the collusion?

Our problem in this regard is that an independent financial advisor would certainly have taken a more critical look at the cost breakdown of the construction company and might have recommended a larger buffer here and there. Furthermore, now that there are problems with the construction company, he might not keep silent. He might have pointed out that other clients of his have had problems with this construction company more frequently. In short, he might have advised better.

A whole lot of subjunctive, I know. But with such a camaraderie, critical remarks are practically ruled out from the start.

We were given the deceptive impression that the good cooperation between the financial advisor and the construction company (or their salespeople) could only be to our advantage, that questions and problems could be resolved very quickly "through informal channels." Why should one obtain further offers from another financial advisor if everything here is already perfectly coordinated? Ultimately, it was basically just about getting as many fools as possible to sign the various contracts.

We also once had the situation where the financial advisor wanted to offer us a 43-year financing. Well..

Cool, so you already wanted to build at the age of 15?[emoji23]

Our problem in this regard is that an independent financial advisor would certainly have looked more critically at the cost composition of the housebuilding company and perhaps advised a larger buffer here and there. Furthermore, now that there are problems with the construction company, he might not remain silent. He might have pointed out that other clients of his have already had more frequent problems with this construction company. In short, he might have advised better.

Big financial institutions don’t do that either; banks only want your best – your money –
You are older 17+1, the financing terms are acceptable to the financial service provider, that’s it...

You don’t need to think that the savings bank will buddy up and pat you on the shoulder and say: “Additional financing? no problem, on the same terms? no problem...” ;)
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Now it’s too late but if you had wanted to protect yourselves, you could have obtained several financing offers with the payment schedule.