Construction financing 160 sqm single-family house - feasibility assessment

How long does it take at the bank to receive a confirmation or approval once all the documents have been submitted?

Processing time depends on the bank. Interhyp referred me to Sparkasse Bodensee, and from the outset it was said that it would probably take 4 weeks, and that’s how it was. For me, that wasn’t a problem because I paid the first installment from my own capital.

Thanks for the hint. The notary process is completed and was paid in December. How long does it take with the land register extract? Can that take several months and possibly be submitted later? We have the deed etc. from the notary so far...

In my case, the surveying of the entire construction area was stuck at an office, so the transfer of ownership only took place after the land charge was registered. From the transfer of ownership to the notification from the land registry office it took about 4 weeks, but that also included Christmas. It can take longer elsewhere. And you normally cannot submit the land charge later, since it is the security for the bank. That is only possible in exceptional cases like with .

how long does it take at the bank to get a confirmation or approval after submitting all documents?

With us, within a week (with a direct bank). But again: you clarify all these questions with your financial advisor! They have an overview of the current processing times of all banks.

With us, it takes one week (at a direct bank). But again: you clarify all these questions with your financial advisor! He has an overview of the current processing times of all banks

Are direct banks worth it? Where are you, if I may ask?

Are direct banks worth it? Where are you, if I may ask?

Why not? According to our independent financial advisor, we got the best interest rate there. We are with DKB.

Yes, but with direct banks it doesn't work the way Zipfel at least presents it to us here with "I guess I need about 380-400k," but no idea how they are composed.

For us, the interest rate at a direct bank was also 0.1% cheaper than at the Sparkasse.
We found it very pleasant that everything was handled with little bureaucracy in just 2 appointments. Even during construction, the disbursements were very simple and straightforward.
I also think that if we should ever get into trouble somehow due to illness or otherwise, it is more comfortable if you have been a customer and known at the bank for 30 years.

Purely in terms of interest rate, however, a direct bank will often be worthwhile.