Financing comparison - Now it's getting serious

How about the plot, the development plan, and your house planning? Can you mark the plot with a "pipe head," meaning build a rear development? If yes, you would have a good argument for "more equity in the plot." ;)

There is no development plan for the plot. Rear development is possible without problems, division is more difficult since it is 20m wide.

Current exchange of experience:

Unencumbered hereditary building right property (municipal land) in the Brandenburg metropolitan area (BRW: 150 €) of 750 sqm (approximately 20 m x 40 m) was recently valued at 145,000 € by ING for financing purposes. As other equity, 25,000 € cash was included in the financing. Thus, 95% of the volume was financed with total costs of 500,000 € for construction + incidental construction costs (all purchase-related incidental costs paid separately).

Interest rate 1.29 with 20 years fixed interest at ING.

Contact directly via ING (phone FF/M). Requested brokers also identified ING as the best option, but at an interest rate of 1.65.

Regional savings banks and cooperative banks only offered building savings contracts beyond a 15-year term, which all appeared cheaper but would have resulted in about 30,000 € more interest burden upon calculation.

Me again, because I’m interested in why this is happening differently here than with me:

According to Boris, in 2020 out of 338 standard land value zones in Potsdam-Mittelmark, exactly one single zone decreased in value. Fichtenwalde. From €120 to €100. Can you say why? In the Berlin surrounding area, values are actually rising sharply everywhere, right?

Me again, because I'm interested in why things are different here than for me:

According to Boris, in 2020 out of 338 standard land value zones in Potsdam-Mittelmark, exactly one single zone decreased in value. Fichtenwalde. From €120 to €100. Can you say why? In the Berlin surrounding area, values are actually rising steeply everywhere, aren't they?

I already asked the investigators about that. They only assess what they receive. That also means family sales, etc. I strongly assume that the standard land value will rise sharply from 2022 onward.

Current exchange of experience:

An unencumbered leasehold land (municipal land) in the Brandenburg commuter belt (BRW: €150) of 750 sqm (approximately 20 m x 40 m) was valued by ING at €145,000 in the financing a few weeks ago. As other equity, €25,000 cash was included in the financing. Thus, 95% of the volume was financed with €500,000 total construction + incidental construction costs (all additional purchase costs paid separately).

Interest rate 1.29 with 20 years fixed interest at ING.

Contact directly via ING (by phone FF/M). Requested intermediaries also identified ING as the best option, but at an interest rate of 1.65.

Regional Sparkasse and Volksbanken only wanted to sell building savings contracts beyond a 15-year term, which all looked cheaper but, when calculated, would have easily resulted in €30,000 more interest burden.

Is that possible? Can you inquire at ING independently of Interhyp? I thought that was not possible...

ING gives you an interest rate offer on its homepage in 3 minutes (according to its own advertising). So yes, it worked for me. By the way, my main bank is Sparkasse. (Not MBS, but Berliner)