Financing a relatively expensive dream house - would you dare?

They will probably have an expert report prepared anyway before giving their final approval.

They will probably want to have an appraisal done anyway before they give a final commitment.

The bank even has to do that. And sometimes any previous nodding is worth very little.

Regarding the standard land value: banks of course also use that as a basis for the property valuation. And a lot depends on that for the later overall valuation. But often it’s quite nonsense. They create areas in which every property has the same standard land value. We once looked at a plot of land that was right on a four-lane road without soundproofing. Highest noise pollution according to the noise map. Four cross streets down the hill, you can no longer hear anything from the road. Instead, there is the best unobstructed view over fields and hills. But the same standard land value..

We get a rate of 1.05% for 20 years with under 80% financing, including 5% special repayment and two free changes to the repayment rate.

Which bank is that?

The banker said that they would not send an appraiser at this volume yet - that would be acceptable.

Bänker said that at this volume they do not send out an expert yet - that is acceptable.

ok. I read up again. The obligation to appoint an expert from 400,000 euros only applies by law to covered bond banks. However, it has actually become widespread in the banking scene. And covered bond banks are no longer exotic. The big players are basically all involved https://de.wikipedia.org/wiki/Liste_der_Pfandbriefbanken_in_Deutschland

The banks are also trying to save. In a case known to me, the GA was also waived for a similar volume.