Construction costs are currently skyrocketing

The seller covers the costs amounting to 50k-100k depending on the loan amount? At least that's often what's written here :o

The loan amount is 259,000... no idea what costs to expect there

The prepayment penalties for loans before 03/2022 are probably close to zero.

In theory, maybe - because the bank can now lend the money at higher interest rates.

But the contract surely states something about a prepayment penalty. And why should the bank waive that?

In theory maybe - because the bank can now lend the money at higher interest rates. But the contract surely states something about a prepayment penalty. And why should the bank waive that?

It's standard. There are 2 methods of calculation, the bank must adhere to them. It should also be stated like that in the contract.

It's standard. There are 2 calculation methods, which the bank must adhere to. It is probably also stated that way in the contract.

You mean the active/passive method? Just checked our contract, you practically need to have studied for that :) However, the fine print also states that the maximum possible amount for the prepayment penalty is around 47k euros. I had that amount in mind without knowing exactly how it is calculated.

The contract states the active-passive method

That only applies when selling the property, right? There is a valid contract that must be fulfilled first...?