Error in financing?

Oh, I didn't know that. I thought the payout date was fixed. The banker, of course, didn't mention anything about that during yesterday's loan offer.... Good that we are actually more focused on a pure annuity loan.

Yes, we weren't told about that initially either. For all these reasons, a building savings contract seems too opaque and also too risky to me. For us, only a regular annuity loan is an option.

Yes, we weren't told about that either at first. A building savings model is too opaque and also too risky for me for all these reasons. For us, only a standard annuity loan is an option.

Unfortunately, the local Volksbank here only offers annuity loans with a fixed nominal interest rate for 10 years, but we definitely want planning security for 15-20 years.

What is stopping you from signing with another bank or insurance company? It’s no different with our local Sparkasse. My wife has been a customer there since birth, and we wanted to finance with them, but if they can’t offer you what you want and are looking for, it doesn’t help. Other mothers also have beautiful daughters.

That's true, the points are fixed. But the amount of points required for allocation is variable.

I just looked up the terms and conditions of Wüstenblau again.

I was a bit imprecise above.
A prerequisite for an allocation is that the minimum savings period, the minimum savings amount (30/40/50%), and the minimum valuation number are met. That was still in my head.
In addition, there is a target valuation number that you must have at least in order to actually receive money if the available capital of the building society is not sufficient for everyone. Only then is an allocation actually made.

In general, you cannot say that a building savings contract is bad, otherwise this model would not have worked for decades. From a financial perspective, it is a bet on (strongly) rising interest rates.
Due to long fixed interest periods, there are now alternatives in the annuity sector to building savings contracts that are designed for (interest rate security). Adding to this are savers with old contracts with attractive credit interest rates. That obviously does not make it easy for the building societies. You just have to know what is important to you in financing.

The building savings contract system has worked excellently over the years. However, this was under more or less steadily falling interest rates. The probability of exercising the option was accordingly moderate. It is designed for stable interest rates, where it will also function. The problem with the BSK is the scenario of rising interest rates. In this case, all those who want to exercise the option will do so, and this leads to a liquidity shortage that causes allocations and payments to be delayed in the back end.

So don’t get me wrong, the system is good, it even has this buffer, but possibly a gap arises that might need to be borne.

What is stopping you from signing with another bank or insurance company?
It's no different for us with the local Sparkasse. My wife has been a customer there since birth and we wanted to finance with them, but if they can't offer what you want and are looking for, it doesn't help. Other mothers also have beautiful daughters

Nothing at all, it wasn't meant that we are specialized in only one bank, for God's sake
The bank mentioned was just the first where we had a consultation.

More will follow in the next few days until it suits us.
We might also inquire at Interhyp, which is definitely recommended, right?