Financial requirement for construction

What nonsense.... there are really many cases where it works without problems. It also always depends on the reasons for "no equity"

The reasons might be of interest to the grandma from the first floor. Banks don’t care about excuses. If you have no equity, then you have no equity. Yes, these cases exist, but they don’t have only €2500 disposable income.

But you had equity that probably covered the property transfer tax. Here, there is even debt.

The usual procedure is that from 100%, a consumer loan is granted for the remaining amount.

We also still have a car loan running. If we were to deduct the remaining debt there from our equity, approximately the property transfer tax + notary fees would remain.

The reasons might be of interest to the grandma from the 1st floor. The bank doesn't care about excuses. If you don't have equity, then you don't have equity.

I didn't mean the reasons in relation to the bank, but rather whether they are justifiable for the individual situation or not.

We also still have a car loan running. If we deducted the remaining debt from our equity, about the real estate transfer tax + notary would remain

See... that's something completely different from Elsa.

Yeah, 300k€ with 110% I can still understand, but definitely not double, yosan

See, that's something completely different than with Elsa.

Yeah, I can still understand 300k€ with 110%, but definitely not double that yosan

As I said, I see Elsa's situation the same way as the rest here (precisely because of the significantly higher loan amount compared to, for example, ours). I just don't like those blanket statements like "people without/with little equity shouldn't build"...

Hello everyone,

From what I hear here, you have similar doubts as we do.

To take some dynamite out of the debate:
1. The loans are not long-term and will be paid off within about 3 years (car + study financing)
2. The household budget is a very conservative calculation, which already estimates €1200 alone for groceries. Furthermore, it generously includes special expenses such as clothing, gifts, etc.
In addition, bonus payments in the low five-figure range are pending, which could cover any special items after the house purchase.

In short: It is a kind of start-up financing, as strong salary increases and expiring loans are to be expected.
Therefore, the bank approval is the only focal point of the examination.

Thank you very much for your suggestions