Financing loan, how does it work?

And I bet with Town & Country the buffer is gone before the kitchen is in place

Also, you should be aware that Town & Country requires a complete assignment of the loan claims plus an additional bank guarantee of 10% of the amount. That means you won’t be able to access the money for other expenses so easily if this has not been discussed in detail with the bank beforehand.

Did you tell the bank that?

No. But the plan was to finance the kitchen through the "buffer".

Moreover, you should be aware that Town & Country requires a complete assignment of the loan claims plus an additional bank guarantee of 10% of the amount. That means you can't simply access the money for other expenses anymore if this has not been discussed in detail with the bank beforehand.

Okay. Thanks for the tip

Then discuss that with the bank. Only very few accept that a kitchen is paid from the loan amount.

Then discuss that with the bank. Only very few accept that a kitchen is paid from the loan amount.

Yes, I will.

Have you already taken out the loan? The bank checks all the numbers. How can you finance the kitchen without the bank noticing?