Financing comparison - Now it's getting serious

Yes, Berliner Volksbank is strange.
There was another Volksbank that liked to finance foreign real estate, whose name I can't remember anymore. They didn't want me back then either, but I can dig through emails again.

Volksbank Ortenau is the one based in Offenburg, correct?

Hannoversche Volksbank could have been it.

Hannover is good, I studied there :cool:

We are unable to comprehend your total cost breakdown. Market-related increases in the value of the property should not be recorded as "land costs." The actual purchase price is decisive here.

Property. comprehensible. You want to convert book profits into real equity at the expense of the bank.

... whereby the standard land value has also risen in the meantime, if I understood correctly. Here, the (outdated) purchase price is simply taken as a basis. That can be debated ... In our case, the current (estimated) market value was also used, not the purchase price from seven years ago.

No, it was Südwestbank. I was simply mistaken. And yes, Volksbank Ortenau recently had a merger, now called Gestalterbank. Located in Offenburg and Villingen-Schwenningen

Basically, it is positive that banks generally calculate more conservatively. After all, this can help prevent a bubble. I don't understand every approach of the banks, but I am glad that they prefer to calculate cautiously rather than gamble.

Well, and if in this very specific case only one bank agrees, you just have to accept the slightly worse interest rate. Maybe there are still other options.

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Property. Understandable. You want to convert book profits into real equity at the expense of the bank.

And where is the problem? If the value of the property increased by 150% in 3 years. If it had decreased, the bank wouldn’t have valued it using the purchase agreement either, right?]