Construction financing for a single-family house, current situation assessment, offers, etc.

  • Erstellt am 2020-09-17 17:56:02

Ybias78

2020-09-18 09:16:48
  • #1


Plot = 1,449 sqm. Valuation ING 1,449 sqm x standard land value (not market value). So completely. I don't understand why it shouldn't be the case. When the plot is sold, people also don't say: 13x13m = house size x € Rest = garden, etc x lower amount.
 

nordanney

2020-09-18 09:22:55
  • #2

A) a complete valuation at the standard land value does not correspond to the mortgage lending value regulation
B) there are specifications for which areas and land utilization the standard land value applies
C) of course a complete price is given – but it consists of building land price and garden land portion

You can surely believe that. I do nothing else. If ING wants to take the easy way, then so be it. Do you have the appraisal in hand? Then you can post the passages here.

P.S. Valuation by ING with T€ 174. Actual value e.g. 800 sqm at €200 = T€ 160 + 649 sqm at €20 = T€ 13 ==> coincidentally the same result. But once calculated correctly, once done simply.
 

Ybias78

2020-09-18 09:26:27
  • #3
No, I don’t have it. Only the promise from the financial advisor after he initiated the request and it was positive from ING. But of course, you could also be right and the final approval looks different.
 

K1300S

2020-09-18 09:49:43
  • #4
BTT:


Even though some information is missing here again: the whole thing will work – possibly with a somewhat smaller house. You should just think in advance about the topic of children and how that fits into your concept. If your wife/girlfriend stays at home, about 500 EUR of her income will be lost, so you should plan your installment accordingly.

It appears that the majority of your current assets were not earned, which is not reprehensible, but be prepared to also do something for your prosperity in the future.
 

martinh1337

2020-09-18 20:04:18
  • #5
Hello everyone and thanks for the feedback =)
There are no children planned, at earliest in 5 years
And yes, it is true that we did not earn most of the equity ourselves, but I have to say that we have more than 80k saved, but with the interest rates we prefer to borrow from the bank
Regarding the topic of "schwarzarbeit", we are here very rural and everyone knows everyone, so that will play a big role; since I also work in the construction industry and get up to 40% off almost all materials, I once calculated with the 300k =)
 

Wiesel29

2020-09-18 20:30:25
  • #6
I also live in the countryside and know that especially with existing buildings a lot of things go on under the table. There's no use fooling yourself. Nevertheless, you don't have to peddle that in a public forum. For your project with a lot of own work and the cheap purchase of materials, the house bank should be the first point of contact.
 

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