Development on someone else's property

First of all about the loan-to-value ratio: The 350,000 includes incidental construction costs, land, floor coverings, and other costs. So we really only need 150,000 euros.

2,400€ for living expenses. Then that already sounds reasonable. I’m keeping my fingers crossed for you. I just wanted to point out that costs for building a house = 350k€ do not correspond to the loan-to-value ratio of a property. The loan-to-value ratio is determined differently. Factors such as the location of the plot, construction method, execution of the building, quality, etc. play a role. Normally, the loan-to-value ratio is usually the value (house price + land price - incidental construction costs such as acquisition costs, connection fees, etc.) * a discount factor. If you have 350k€ costs, your loan-to-value value might be around 270 / 300k€. And from this loan-to-value, you want to register a land charge of 150k€ -> that then corresponds to 50% and no longer 40%. The basis "value of the house" is different, which is set in relation to the loan financing. Keyword: 110% financing,... However, this should still play a subordinate role for you,...

As a practicing pediatrician, I can only recommend that you ask our professional association or a financial advisor who specializes in healthcare professions. Most banks and advisors do not understand our businesses and our financial statements.

Exactly, take the [Genossenschaftsbank] that I and also Daemonic just mentioned. That is THE contact for you. If it doesn't work there, then you have no other choice but to wait. But I still see it very positively. Those up there who talk about risk have no idea. Risk = 0