Construction financing for house building in Brandenburg with difficulties

How "special" is the architect's house?

Cost factors are certainly the relocation of building parts, a cantilever to the south, many large windows, parquet and exposed screed, and the fact that we need many beams as well as steel girders. And then, of course, the KfW40+ standard. Although in the end, depending on the calculation, we would end up at 2500-2600 euros per sqm. When I look around in the forum, that is no longer so unusual.

The thing is: we only planned the house that way after we had previously consulted with financial advisors and outlined our budget etc. as well as the payment modalities. We wanted to have the place paid off within 30 years.

My calculation so far was that with a total volume of approx. €800,000, we would bring in about 28-30% equity including land and cash flow.

Cost factors are certainly the repositioning of building parts, a cantilever to the south, many large windows, parquet and exposed screed, and the fact that we need many beams as well as steel girders. And then, of course, the KfW40+ standard. Although in the end, depending on the calculation, we would land at 2500-2600 euros per sqm. When I look around the forum, that is no longer uncommon.

The thing is: we only planned the house like this after we had been to financial advisors beforehand and outlined our budget, etc., as well as the payment modalities. We wanted to have the place paid off within 30 years.

My calculation so far was that we would contribute about 28-30% equity with land and cash flow on a total volume of approximately 800,000 €.

2,500 - 2,600 € is almost normal for 140 sqm. For 190 sqm, the price per sqm should decrease. That’s why I do think it’s in the upper segment. We are at about 357k€ for a 140 sqm bungalow (house costs only without additional construction costs). But that includes a 9.9 kWp photovoltaic system, rainwater cistern, controlled residential ventilation, ground source heat pump, floors, etc.

I have not read everything. A flexible bank for financing that is not too diva-like is AXA.

In our case, the kitchen is co-financed. It is roughly said: everything that stays on and in the house if you were to move belongs to the house and is financed. The kitchen belongs to us.

So for us, the loan volume of over 500k was no problem at either the Sparkasse or the Volksbank. And our equity is just as much tied up entirely in the property, and our income is lower than yours... By the way, we were offered the same interest rate at both banks, which at the time was also listed on the Ing-Diba homepage. No idea whether you can get different terms through a financial broker, but we feel very well taken care of at our local banks.

Thank you for the feedback. We are currently still waiting for the result from ING. They have set November 3rd as the deadline for the review. If the decision turns out to be negative, we will approach the regional Sparkasse/Volksbank.

I have also heard that DSL-Bank and the DKB assess things differently compared to ERGO and ING. We will see.

Basically, it doesn't all read badly. The only two things that make me suspicious have already been mentioned. The property value in relation to the location of the house – maybe the bank rates the security as lower if, in case of emergency, the value for the house would no longer be achievable in the region. And your wife's income may be too uncertain. Even if the banks have said otherwise so far (?), I could imagine that's where the problem lies if your income alone is no longer enough for the household expenses. The perceived security for you – you know your employers – can be less tangible for a bank. They see the worst case – salary disappears with second child initially / falls back to parental allowance, and after that her contract is not extended -> no longer fits for the household expenses. I think these are the two "caps" that suggest around 400k. That is an amount that you could possibly manage with your income + child benefit/parental allowance.