Financing plan - Does the bank finance?

Hello!

Maybe someone here can help me...

My boyfriend and I (28/31), both civil servants, want to buy a used house, built in 2005.

We have to take out the full purchase price of 230,000, with our 20,000 euros of equity we will pay the additional costs, renovation costs...

We earn 4,500 euros monthly together and as is typical for civil servants, we will earn more in the coming years :-)

We already have a very good financing offer with a 20-year fixed interest rate and 2% repayment, the monthly rate is 1,070 euros.

Now my question...

We both each have a car loan running.

I am paying mine off with 360 euros monthly for another 12 months, my boyfriend is paying his with 260 euros for about 18 months.

I just calculated for myself, with the house payment and additional costs, I would have 670 euros left for free use or to save as reserves until my car loan is paid off. (All living expenses deducted)
It will look similar for my boyfriend.

Can the bank still reject the mortgage due to our loans? What exactly does the bank pay attention to? The "debt amount" or rather the amount one has available after deducting all costs?

Our bank appointment is only Wednesday, but I am really worried that the financing will be rejected for this reason.

Do you perhaps already have experience in this regard?

First of all, you should be clear that YOU are taking out the loan together and not each individually. Therefore, YOU should review your finances together. That’s how the bank does it as well.

I had a meeting with the bank this week. What the bank assumes as living expenses is a joke. Calculate that for yourselves including additional incidental costs, repair reserves for the house, etc. and then decide for yourselves. The banks will definitely give you the loan.
We have slightly less net income than you, but no other loans and want about €210,000 from the bank. The planned installment is €900. You additionally have the advantage that the installments will be gone in 2-3 years.
I have broken down our living expenses in another thread. Maybe you can compare.

Where we at least have to be careful is when children are coming. First 65% of the net income and then possibly working reduced hours. You have to factor that in now.