Almifosa
2017-06-22 12:52:18
- #1
Hello,
Following initial situation:
The bank loan was approved. A letter arrived stating that the security agreement was concluded. We called the bank and asked if this meant the loan was ready for disbursement or if something was still missing. On the phone, we were told that everything was okay and that it would be ready for disbursement after the withdrawal period ended on 15.06.
On 14.06, the construction plan folders arrived along with the first installment, and we completed and submitted everything with the financer. However, on 20.06 the bank informed us that documents were still missing and payment would not be made until they were submitted. We managed most of it with help from the financer, but there is still an issue at one point…
Our "Baunebenkosten" exceed 40k and consist, for example, of 20k material costs for walls/floors and outdoor facilities. Additionally, soakaways and cisterns. We are building with a basement and therefore have excavation and will certainly need backfill material. Sewer connection fees, surveying, soil report, building permit fees, expert (comes later since we just submitted construction plans), well, and everything else that belongs to it. Among other things, also a 10k sample buffer (on the advice of a financer). In total, we calculated 71k.
We are unsure if a more detailed breakdown (which we are currently working on with the financer) will be accepted. Because the bank’s rule states: "If 40k Baunebenkosten is exceeded, a signature from an architect, site manager, or building expert is required." The first attempts by our construction company to obtain a signature from a site manager failed with the reasoning "he doesn’t know our figures." Our architect is currently on vacation and therefore cannot be asked. Now we are worried because if no one signs off, we see the loan and the house construction at risk. The invoice should have already been paid, but the lady from the construction company has been lenient so far.
Overall, it is a stressful situation for us because we can no longer withdraw from the loan since the withdrawal period has expired. According to the payment agreement in the contract with the construction company, the invoice should have already been paid. To be honest, we are angry but now have to find some kind of solution. Google could not help us either. Therefore, my inquiry here… Who knows something like this? And how do we get out of this dilemma?
If I take out a loan for a self-built car, the bodybuilder surely would not sign off on the calculation for, for example, tires and rims.
We would really appreciate constructive criticism or experiences.
Following initial situation:
The bank loan was approved. A letter arrived stating that the security agreement was concluded. We called the bank and asked if this meant the loan was ready for disbursement or if something was still missing. On the phone, we were told that everything was okay and that it would be ready for disbursement after the withdrawal period ended on 15.06.
On 14.06, the construction plan folders arrived along with the first installment, and we completed and submitted everything with the financer. However, on 20.06 the bank informed us that documents were still missing and payment would not be made until they were submitted. We managed most of it with help from the financer, but there is still an issue at one point…
Our "Baunebenkosten" exceed 40k and consist, for example, of 20k material costs for walls/floors and outdoor facilities. Additionally, soakaways and cisterns. We are building with a basement and therefore have excavation and will certainly need backfill material. Sewer connection fees, surveying, soil report, building permit fees, expert (comes later since we just submitted construction plans), well, and everything else that belongs to it. Among other things, also a 10k sample buffer (on the advice of a financer). In total, we calculated 71k.
We are unsure if a more detailed breakdown (which we are currently working on with the financer) will be accepted. Because the bank’s rule states: "If 40k Baunebenkosten is exceeded, a signature from an architect, site manager, or building expert is required." The first attempts by our construction company to obtain a signature from a site manager failed with the reasoning "he doesn’t know our figures." Our architect is currently on vacation and therefore cannot be asked. Now we are worried because if no one signs off, we see the loan and the house construction at risk. The invoice should have already been paid, but the lady from the construction company has been lenient so far.
Overall, it is a stressful situation for us because we can no longer withdraw from the loan since the withdrawal period has expired. According to the payment agreement in the contract with the construction company, the invoice should have already been paid. To be honest, we are angry but now have to find some kind of solution. Google could not help us either. Therefore, my inquiry here… Who knows something like this? And how do we get out of this dilemma?
If I take out a loan for a self-built car, the bodybuilder surely would not sign off on the calculation for, for example, tires and rims.
We would really appreciate constructive criticism or experiences.