Financing - first bank has declined

As far as I know, the bank assesses the resale value, but the manufacturing costs are significantly higher. Land, incidental construction costs, etc. are not included in the bank's valuation. What exactly do you want to sign multiple times? A financing offer and then pick the best one in the end? No, please don't. If the local bank had done it at worse conditions, now you know why that is ;-) Talk to them again, if they're nice, you'll get the same offer again.

For example, Deutsche Bank only valued the property at 50k€ (which is a joke), the Sparkasse approved the 130k€ purchase price without much fuss. So it depends on the bank. You should therefore get several offers.

Yes, Sparkasse is very good at that but unfortunately, they also have high interest surcharges.

What exactly do you want to sign multiple times? A financing offer and then choose the best one in the end? No, please don’t.

If the local bank had done it at worse conditions, now you know why that is ;-) Talk to them again, if they are nice, you will get the same offer again.

Exactly, I want to sign a financing offer. It’s not about finding the cheapest one. The ECB will raise interest rates again on 15.03, if I get the info on 23.03 that both banks reject, I’ll be in trouble. My gut feeling tells me that the local bank would be more willing to give me financing.

Yes, the Sparkasse is very good in that regard, but unfortunately they also have high interest surcharges.

Exactly, I want to sign a financing offer. It's not about finding the cheapest one. The ECB will raise the interest rates again on 15.03; if I get the information on 23.03 that both banks reject, I will be in a bad position. My gut feeling tells me that the local bank would be more willing to give me financing.

Local banks know the local market better. I have always had good experiences with that.
It was never the absolute best interest rate, but there was quite a bit of goodwill (disbursements to my account without invoices, photos instead of expensive appraisals at shell completion, etc).

Good luck

Do I understand you correctly that you went to an intermediary (like Interhyp or similar), and now you want to go to your local bank yourself? From my point of view, there is no objection. We had the same situation with the first bank as well. In the end, we financed through the local bank.

And the financial advisor doesn't inquire at your local bank? Mine did that. Besides, it is in his interest to organize financing for you.

Do I understand you correctly that you were with an intermediary (like Interhyp or similar), and now you want to go by yourself to your local bank?
From my point of view, there is nothing speaking against it. We had the same situation with the first bank as well. In the end, we financed through the local bank.

Exactly like that. :)

And the financial advisor doesn’t inquire at your local bank? Mine did that. Furthermore, it is in his interest to organize financing for you.

Good tip. He already has all my documents. :D