Wirsechs
2022-06-11 10:10:00
- #1
Hello everyone,
I am curious to know at which bank you have received approval in the last 4 weeks and where it is currently difficult.
The background is that we are currently facing the greatest difficulties. We have a net monthly income of €5500 plus child benefits for 4 children and already own property, which will probably be sold for €420k. I am currently not working at all, am a qualified nurse and could theoretically start several jobs tomorrow.
After the property sale, we will have equity of about €120k. We live quite minimally, have no car, go camping at most occasionally, and need €1500 monthly for living expenses for six people. The first rejection came from our main bank because they calculate horrendous flat rates for 6 people and “no car” is not even considered by them. Now we ended up at Deutsche Bank through a financial advisor, they are currently so nervous that they won't give approval without a purchase contract for the existing property – and this is a catch-22 situation because we can hardly sell our home before we can securely finance the new house... We submitted all necessary documents in record time except for this purchase contract. It is really frustrating. Is anyone else experiencing the same? Any tips? Both our realtor and the financial advisor believe that we would not have had this theater 8 weeks ago. The banks are probably trembling because of the ECB interest rate hike planned for July.
I am curious to know at which bank you have received approval in the last 4 weeks and where it is currently difficult.
The background is that we are currently facing the greatest difficulties. We have a net monthly income of €5500 plus child benefits for 4 children and already own property, which will probably be sold for €420k. I am currently not working at all, am a qualified nurse and could theoretically start several jobs tomorrow.
After the property sale, we will have equity of about €120k. We live quite minimally, have no car, go camping at most occasionally, and need €1500 monthly for living expenses for six people. The first rejection came from our main bank because they calculate horrendous flat rates for 6 people and “no car” is not even considered by them. Now we ended up at Deutsche Bank through a financial advisor, they are currently so nervous that they won't give approval without a purchase contract for the existing property – and this is a catch-22 situation because we can hardly sell our home before we can securely finance the new house... We submitted all necessary documents in record time except for this purchase contract. It is really frustrating. Is anyone else experiencing the same? Any tips? Both our realtor and the financial advisor believe that we would not have had this theater 8 weeks ago. The banks are probably trembling because of the ECB interest rate hike planned for July.