Construction financing: Pay for the land in cash

I can confirm that. For us, it is 15,000 euros, which corresponds to 5% of the loan excluding [KfW].

And that is probably offered by (almost) all banks.

Fixed amounts of money used to be common earlier, now (almost) all banks offer it...ok...?

But I don’t mean for an extra charge, just like that - unsolicited!

I am not contradicting myself. I always said something about 5 TEUR. In both posts.

Options costs always cost money and are always priced in somewhere. Either upfront in the interest rate or as a (additional) fee. And with the latest rulings, more and more is probably simply priced into the interest rate.

Maybe, but the interest rates of all alternative providers (to the local banks) were by far lower and the "options" (which could not be ticked off) were always better (12 months drawdown-free period, 5% special repayment, free construction account with completely variable withdrawal amount).

And you know what I mean by contradicting... I appreciate your opinion, but sometimes it is a bit too much influenced by savings banks.

I am (regardless of my "sector bias") not a fan of generalizing statements.

I know local banks that match every online condition and I know local banks that do not do that on principle.

Things like risk costs or option costs are essentially the same everywhere because all banks (whether local, global, or internet-based) basically operate in the same market.

There are banks (yes, also savings banks) where you put together the conditions yourself if you want extra prepayments or this or that.

By the way, I also know many providers who offer both 3 months BHZ or 12 months BHZ equally well, only one interest rate is 0.05% higher.

And then there are even savings banks that have included various things in the interest rate, starting with 12 months BHZ, a flat-rate 10,000 EUR prepayment, appliance protection for 5 years, 10% refinancing reserve (without mortgage!), etc.

So, however you look at it. I am very neutral here, especially since I am not a salesperson.

You can split the loan amount into several contracts with different terms - for example, 3 amounts with terms of 5, 8, and 10 years. Then you can make as many special repayments as you want after 5, 8, and 10 years and refinance the rest.

Best regards
Dirk Grafe