Construction loan based on pledging a stock portfolio

He is looking for a Lombard loan. But that doesn't change the fact that WIKR spoils his plans as soon as the word property comes up.

He doesn't need to look for the Lombard loan. You automatically get it as a securities account holder with holdings, according to my personal experience. But then he pays 3-4% interest on it. However, the original poster would like construction financing conditions. Therefore, I say, forget construction financing and simply take the Lombard loan for the short term, possibly moving the securities account beforehand to improve conditions (if that's an option). Or pay cash because interest savings equal tax-free guaranteed returns.

I need a short-term construction loan for a maximum of 3 years.

In addition, due to the short financing period, I would like to avoid having a land charge registered in the land register.

But the OP would like construction loan conditions.

Either way, this won’t be cheap. The reason is simply the banks. Banks only lend construction money so cheaply because the term is more than 5-10 years, or the interim financing is converted into a long-term one. In other words, the interest exceeds the refinancing costs, but also the unit costs that arise for the bank at the beginning of the loan.

Therefore, I say, forget the construction loan and just take the Lombard loan for the short term

Yes, at Consors it is currently 5.51%.

That is most likely a "real" bank mortgage loan with variable interest but still cheaper.

5.51 is of course too high. That’s almost like regular consumer loans. I had a 3 before the decimal point at Flatex last year. Because as you also say, even with construction loans there won’t be dream conditions due to the short term. Plus the one-time costs...

Flatex only applies the 3.9% but also only for a max of 50k imho.

Our bank (Hamburger Volksbank) has offered us a loan for renovation / refurbishment. It ranges from €1,000 to €75,000 with an interest rate of 1.59% (for less than €25,000 a 0.5% interest surcharge) without land charge registration, but it is purpose-bound. I don’t know your project and the required capital, but maybe this is interesting?!

He does not have to look for the Lombard loan. You automatically get it as a depot owner with holdings, according to my personal experience.

No, unless the bank has money to give away for the provision or has already priced the approval somewhere.

But as we can see here, mostly for smaller amounts included. Whether Lombard loan, unsecured loan, as soon as the purpose is known: WIKR with all its disadvantages and costs.