Construction financing during parental leave - how is it calculated?

Hello,

due to the birth of our child (02.03.), both my wife and I are currently on parental leave – I for a few months concurrently with my wife, then she alone for the rest. This arrangement also made sense because of the annoying Corona situation. Otherwise, we are both employed and will continue to be employed after parental leave. We will receive parental allowance (based on our previous income), but we have not yet applied for it (at the latest 4 months after birth).

Since the development of our property should be completed within the next few weeks, we would also like to start the mortgage financing soon. My question is therefore: what influence does the parental allowance have on the bank’s calculation? When the construction project is completed, we will both be working again, my wife at least part-time. Which income does the bank consider here? Income before parental leave? Parental allowance? Income after parental allowance, due to the right to continued employment?

The answer to this question will partly decide whether I extend my parental leave by one more month, because business is still not very busy for me. Thank you for your help.

You can't generally say that, Bank A will partly evaluate it completely differently than Bank B. In general, it depends more on the other conditions whether the bank will view it positively or not. Since these were not mentioned here, not much can be said about it.

I agree with . Every bank handles it differently. We had problems back then when my wife was on parental leave alone. A few banks wanted to count it as zero or just dismissed it.

yes, it depends on how tight the financing is. There are still classic single-earner households.