Credit for purchasing land without a land register extract?

  • Erstellt am 2018-12-05 21:19:23

Ahornbaum

2018-12-05 21:19:23
  • #1
Hello! I am new here and already have a question, hopefully that is OK.

I want to sell a property in Area A in order to buy a property in Area B, among other things because of a shorter commute. The construction process is supposed to start early next year.

I have found a buyer for my property, but I fear that he is deliberately stalling me. For some time now, he has been insisting that the bank documents would arrive soon, because he had already signed the loan agreement for the house and property. In the same sentence during our last conversation, he mentioned that he would need the land registry extract from me for the bank. That sounded kind of strange to me.

Is it possible to sign a loan agreement with the bank for a property purchase without providing the land registry entry? Google says that banks require one, but maybe someone here has had different experiences.

Thank you in advance.
 

Yosan

2018-12-05 23:37:34
  • #2
We have finally signed our construction financing today, even though the land purchase contract has not been signed yet. We have submitted (among other documents) only the draft contract so far.
 

HilfeHilfe

2018-12-06 06:18:24
  • #3
The land registry excerpt is usually requested for a property for verification. Here, the clerk also receives information about encumbrances and whether the size matches the price. He can also already incorporate information into the loan.
 

nordanney

2018-12-06 08:27:15
  • #4
It depends on the bank. For us, for example, the clear answer would be: No But: For a private construction financing, the draft purchase contract can also be sufficient. In addition, in principle, any broker and also any bank can obtain a land register excerpt online.
 

Winniefred

2018-12-06 17:05:22
  • #5
We already needed the land register excerpt at the credit inquiry (ING), but we also received it directly from the agent. From my point of view (that is, the buyer's), this is also one of the things that should already be prepared by the seller.
 

Ahornbaum

2018-12-06 18:46:22
  • #6
Thank you for your responses, then I will wait and see what comes next.
 

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