Do we have realistic chances with the bank?

  • Erstellt am 2021-10-15 23:28:41

Grundaus

2021-10-18 17:00:02
  • #1


The tax office accepts 66% of the local customary rent; officially, it should not be more than that.
 

kbt09

2021-10-18 17:10:20
  • #2
How many square meters does the granny flat have then? With that statement, I would expect at least 50 to 60 sqm, since that is probably the cold rent. And therefore I also have doubts that 400,000 will be enough for the total costs.
 

ypg

2021-10-18 18:36:03
  • #3
will you come by here again and answer the questions that were asked of you?

Rental income is currently no security because a) it does not yet exist and b) the financial situation is not such that rental losses can be compensated

That would mean even less income for the OP than he calculates ;) He cannot pay any installment from tax benefits.

Good acquaintance! I’d take her as a girlfriend :)
If 1 sqm of living space costs €2000, then 1 sqm of granny flat costs €2000…. It does not come for free.
€400,000 is enough for a single-family house, nothing more.
However, I also consider €2800 too low for such a financing.
 

apokolok

2021-10-18 19:26:13
  • #4

Ah, the rental yield is like that. Gross? Net? Who sets it? The Pope? Wolfgang Petry?

The decisive net rental yield in the example here is probably around 1.5% and is therefore a disaster.
P.S. even 3% is too little.
 

CrUsH567

2021-10-19 00:07:18
  • #5
Unfortunately, the bank always evaluates the current actual situation, so only your money and the child benefit count. You should wait until your wife goes back to work, then a loan is much easier. We also had to make compromises because my wife only started working again on a temporary contract, and the bank did not want to count the salary. We needed 550k +44k ancillary costs, with 90k equity and 125k funding for young families 20 years 0.6%, the remaining 379k through the bank, then it was no problem anymore. If you would get 108x2800 = 302400 from the bank and 125k funding, it could all work out, but it is a more complicated process to get approval. We also had the idea with the granny flat; if you're lucky, the bank counts 50-70% of your assumed rent, but only with a proper tenancy agreement including a rental contract, etc. PS: I hope you don't have any ongoing loans, like leasing, etc., that is deducted directly and then the calculation is already off.
 

Grundaus

2021-10-19 16:37:51
  • #6
if the rental yield is at 1.5%, it is Munich or a similar real estate market where rents on existing contracts cannot rise as quickly as prices. However, this does not apply to new rentals. and the approx. 3% are currently a good benchmark set by the market. Rent is often gross=net or even tax refund
 

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