Finance buying land or rather leave it?

That means, if I were in your position, I would be sure that it is definitely the right for the future house construction.

We are convinced that the plot would be perfect for our future house construction.
Therefore, I think we will take it. Thanks again at this point for all the tips and advice.

The previously planned 5-year fixed interest period arose in our considerations because we do not expect to build any earlier. Since, as mentioned above, we still need quite a bit of equity for a house construction, I don't think we could put together a reasonably healthy financing before then.

For me, I would therefore take away to definitely set the installment rate a bit higher and always fully utilize the special repayments. If, at the end of the 5 years, there is still a residual amount left, I would then finance it variably to avoid the mentioned problems with the home loan. The goal, however, should be to pay off the plot within the 5 years.

See it as a test; if it doesn't work or is too painful, you know that building a house is not for you.

I like this tip. That's what we will do. We won't be able to pay a rate of 1,500 euros because we still have rent to pay, but I understand what is meant by that.

Oops, but make sure to check exactly whether there are any development costs outstanding. Sometimes it can take years until the municipality has agreed with the company and issues the final invoice. Just a small tip so that (part of) the development costs don't come up afterwards...!

I haven't heard anything about that so far. However, in our case, the plot is not sold by the municipality but directly by the company that carries out the development. Can such problems also occur in this case? According to the company's statement, the plots are sold fully developed without any further costs.

In our case, the land is not sold by the municipality but directly by the company carrying out the development. Can such problems also occur in this case? According to the company's statement, the plots are sold fully developed without any additional costs.

Then it's fine, all good. However, I would include in the notary contract that all development costs have already been paid and, if anything else arises, it will be borne by the seller.

If you repay the loan quickly, it doesn’t really matter whether the interest rate is 4% or 4.5%.

I can understand that. But I thought that for us it is not really indifferent, since we have so little equity and the higher interest rate slows us down even more when saving up (even if the difference won’t be that big). I know that with the small loan amount compared to a mortgage it hardly makes a difference. But I think that for us every euro we can save on interest might count in the end. I therefore still tend to fix the loan for 5 years in order to get the lower interest rate. I am now aware that we will have to pay a higher rate and make use of the special repayments. But I think that with this option we will pay off the loan just as quickly as with a variable loan, while paying less interest. Because putting in more than nearly everything we have left per month toward repayments is unfortunately not feasible. So it really doesn’t matter whether we do that through special repayments or with a variable loan, only that the former causes less interest. Is that understandable or am I making a mistake in my reasoning?

Then it's fine, all good. However, I would include in the notary contract that all development costs have already been paid and if anything else comes up, it will be covered by the seller.

We will do that, thanks for the hint :)

But I think that every euro we can save more on this might count in the end.

For this reason, I am even considering somehow including the two mini-savings plans we both have for the preliminary services in the property financing. I don't know yet if that would have any effect, but I want to look into it and also discuss it with the advisor from the bank and an intermediary.