Kabelmodem87
2018-06-16 14:11:27
- #1
Hello everyone,
I need to ask a few questions before purchasing our plot of land, maybe someone has had a similar experience.
We are buying a plot at the end of June for €180,000 (including additional costs), which we will finance with a variable loan of €110,000 to make ourselves independent in financing the house.
Our plot comes from a larger property that is being divided into 4 parts; so far, there is only one entry for the large property at the land registry office. The 4 smaller ones are only surveyed; for notarization, the notary will apply for an independent entry and will register the mortgage...
A friend pointed out that some banks don’t really like this and sometimes only disburse the loan when the mortgage is actually registered.
Such processing can apparently take up to 9 months in our city...
Now thinking further... since we want to be independent and if the first bank, for example, cannot offer a good deal in November, we would have to cancel the mortgage of the first bank (which probably isn’t even registered yet) notarized... and include the new bank with the large sum...
In summary... by the end of the year, we would probably still not have our own entry for the plot, a registered mortgage note, a cancellation, and another registered note that is on the pile of overwhelmed processors...
Do banks agree to something like this and already disburse the loan under this constellation? Or am I somehow necessarily dependent on the first bank until the actual registration is done? Probably, for every requested step, there is a confirmation by the notary...
I hope it’s somewhat clear what I am getting at, thanks in advance for your help...
I need to ask a few questions before purchasing our plot of land, maybe someone has had a similar experience.
We are buying a plot at the end of June for €180,000 (including additional costs), which we will finance with a variable loan of €110,000 to make ourselves independent in financing the house.
Our plot comes from a larger property that is being divided into 4 parts; so far, there is only one entry for the large property at the land registry office. The 4 smaller ones are only surveyed; for notarization, the notary will apply for an independent entry and will register the mortgage...
A friend pointed out that some banks don’t really like this and sometimes only disburse the loan when the mortgage is actually registered.
Such processing can apparently take up to 9 months in our city...
Now thinking further... since we want to be independent and if the first bank, for example, cannot offer a good deal in November, we would have to cancel the mortgage of the first bank (which probably isn’t even registered yet) notarized... and include the new bank with the large sum...
In summary... by the end of the year, we would probably still not have our own entry for the plot, a registered mortgage note, a cancellation, and another registered note that is on the pile of overwhelmed processors...
Do banks agree to something like this and already disburse the loan under this constellation? Or am I somehow necessarily dependent on the first bank until the actual registration is done? Probably, for every requested step, there is a confirmation by the notary...
I hope it’s somewhat clear what I am getting at, thanks in advance for your help...