Financing consultant wanted

The "independent" advisors often work with many banks, but usually only a few are actually consulted and they often have their "standard financings." That is not necessarily bad, but it is usually not neutral either. Especially with 100% financings, the options are often limited. Two things stood out to me when searching for the right financing: 1.) You can only compare equal monthly installments, otherwise it’s just comparing apples and oranges (possibly equal terms could work, but I wouldn’t do that). 2.) The nominal/effective interest rate only partially indicates the cheapest offer. 3.) I find intermediaries who try to arrange partial financing through consumer loans unprofessional, or in my opinion this only makes sense in very few cases.

It is about the purchase of a property (house / partition auction).

Try to inform yourself via Google about the topic "Teilungsversteigerung". I also once tried to acquire a property from auctions (a long time ago) and I seem to remember that there are some potential pitfalls with such "partition auctions". But I can't say anymore how it was (it's been too long - hm, I guess I'm slowly getting old :()

An independent advisor is located in Offenburg-Bohlsbach and is named Hansmann. He has arranged some construction financing within his family circle. The consultation only costs money indirectly through the commissions he receives (at least that was the case for me). Whether he reads along here in the forum, I don't know... ;-)

I hope this was neutral and non-judgmental enough not to violate forum rules.

he receives commissions therefore he is not independent

he gets a commission, therefore he is not independent

You are right - independent should perhaps be in quotation marks. However, commissioned agents are still more independent than advisors of a bank.

And are there really completely independent brokers? I don't know that even in the insurance sector...

And are there really completely independent brokers? I don't know that even in the insurance sector...

Yes - fee-based advisors. But they are rare because German citizens always think that advice must be free of charge. (So they can then go home and implement the result of the advice cheaply on the internet.)

With a fee-based advisor, you pay a consulting fee. In return, the advisor waives commission payments. You pay the consulting fee whether you conclude a deal or not. Since the fee-based advisor receives no commissions, it doesn’t matter to them whether they recommend products from provider A or provider B. Thus, they will find the most suitable product for you (considering price-performance accordingly).

As I said – fee-based advisors are not very common in Germany. I once worked for one (until he suddenly passed away). He had specialized in a particular clientele – dentists. As for banks in Germany, I currently know of one bank that exclusively offers fee-based advice. To my knowledge, it is located in Berlin.

Hello everyone,

first of all, thank you very much for the many responses. I would now like to present the two offers (1x bank, 1x building society) to you.

Does it violate the guidelines if I take a picture of the offer summary each time and post it here?

Best regards