Finance land and build later

Exactly for this reason, I consider it better to finance the property flexibly (between), for example with the DSL, if it is foreseeable that the house construction will follow soon. You easily recover the extra 1k notary costs over the fixed interest period if it positively changes the interest rate of the overall financing. Have someone calculate that for you.

If I register a mortgage for Rot for the property financing of a variable (justified) loan, but decide on Blau after half a year, then Rot transfers the registered mortgage to Blau as part of the overall financing (including repayment of the remaining property financing debt). Missing mortgages will then be newly registered for Blau.

I would like to join in here so that I don’t have to start a new thread for my similar question.

We received relatively short-notice approval for a piece of land and the notary appointment is coming up soon. The payment deadline for the land is mid-April. Although we are simultaneously attending many appointments for the house construction and getting quotes, I see timing difficulties for full financing (land + house):

[*]I should already have financing approval for the land at the notary appointment. I don’t think that due to income etc. a bank would refuse to finance the land, but I see a risk here.
[*]For a construction loan, I should actually already have a building permit, right?
[*]Even if not, I cannot assess whether we will have decided on a construction project and have all necessary documents by early April.

I was at a mortgage broker and a bank, both recommended doing it through a variable loan. So variable now for the land and then once I have everything, a full financing for land + house and repay the variable loan.

The mortgage broker told me that regarding the land charge and registration in 1st place there are no problems because the land charge can be transferred from Bank A to Bank B. Only additional fees of 700-800 euros would be incurred for this.

Now I need your advice on two questions:

[*]Do you also see interim financing through a variable loan as the most sensible option in this case? (Equity is not sufficient for the land)
[*]Is it correct that the lower land charge of Bank A for the land can simply be assigned to a higher land charge of Bank B for land + house and this results in lower fees? Or what is the usual procedure here?

I would actually like to avoid cancellation and complete re-registration, as that would probably mean additional costs of 2,000 - 3,000 euros?

Thank you for your support.

Do you also see bridge financing via a variable loan as the most sensible option in the present case? (Equity capital is not sufficient for the land)

Yes

Is it correct that the lower mortgage of Bank A for the land can simply be assigned to a higher mortgage of Bank B for land + house and that this results in lower fees? Or what is the usual procedure here?

The "old" mortgage is assigned to Bank B (you can calculate the costs online) and at the same time Bank B registers another mortgage (here you can also calculate the costs online in advance). Example: registration of mortgage €100,000 for land purchase = costs approx. €1,000 Assignment of the mortgage to the new bank approx. €250

Thank you for your response.

So, if we take an example of a plot of land at 200k and loan amount for land + house at 600k, the calculation would be as follows:

Kauf Grundstück + Grundschuldbestellung (200k)
Imputed total costs
€3,313.40

Abtretung Grundschuld von Bank A an Bank B (200k)
Imputed total costs
€300.80

Zusätzliche Grundschuldbestellung Haus (400k)
Imputed total costs
€2,653.30

Have I overlooked something here or is the calculation roughly correct?

Have I missed something here or is the calculation roughly correct?

It roughly fits. A few expenses, etc. will still be added, but that is negligible.