milkie
2014-04-03 10:18:44
- #1
You need to check with your parents whether they want to or can do this. It is not guaranteed that they will get a loan. Depending on age and income.
Thanks first of all for the answers!
We currently rent but cannot find a suitable property for my business. Unfortunately, prices here (outside) are well over €1000 excluding utilities. In addition, of course, there's the apartment rent at about €800 including heating, so you quickly end up at €2000 just for rent.
Accordingly, the payments to the bank, which would probably only make up about half the costs, are not a big problem.
I was and am not registered as unemployed. I have an income of around €1000 from side jobs and maintenance.
But of course nothing the bank could reliably count on...
How would the chances improve if my better half had a permanent contract and I had a fixed-term employment? Her contract is expected to become permanent at the beginning of next year; during that time, I could of course also look for a permanent position in my old trade (or similar).
I think then one could talk about a net income of around €3000.
The purchase price of the property will probably be around €100,000-150,000; the rest are renovation costs. Of course, the building could be renovated bit by bit and thus significantly reduce the loan amount. Renovations will be done entirely in-house with the help of family. Virtually all craftsmen are available in the family and circle of friends.
It would simply be our dream to own property as soon as possible....