Financing problems

But there is a difference between a bank advisor and an online forum. I don't have to provide my entire account with transactions and savings deposits in a forum.
Of course, our bank advisor has all the documents and information.

, We checked that and there is nothing negative in it.

We received the rejection by phone through our advisor at Interhyp. And he told us about the 75,000 security, which he himself could not understand. He said it might be because there is currently a change of management at this savings bank and everything is a bit stricter at the moment.

No, but a sentence like we are putting in 25k and the rest as a buffer. You can keep your 8k as a buffer, only these don’t move the financing either. The strange thing is, Interhyp has at least more than 5 banks in reserve and when I consider that the advisor receives a commission of 0.5-2% on the 450k, it’s a mystery to me that he doesn’t make an effort with other banks. After all, it’s a lot of money for him. But you obviously don’t question such things...

Without details, we can only grope around in the fog.

I currently only see the following possible solutions:
- New bank through your existing [Interhyp] contact. What does he say about the next steps?
- New financial advisor
- Visit a new bank in person, e.g., a local Volksbank

Points 2 and 3 would also be suitable to explore the actual problem.

If necessary, all simultaneously.

And how did you agree to proceed? Does the consultant continue searching or will something be adjusted in the setup again? What about KfW or state subsidies? Back then, the purchase price was 139,000 and we then took out 209,000 - as equity, we only had the 7,000 euros for the incidental purchase costs (which were still that low back in 2012). So we were also significantly above the 100% mark. As additional security, we had to take out a term life insurance policy and assign it to the bank. So it is possible, and the bank also makes corresponding proposals on how security can be provided. That’s why I’m surprised it was just abruptly rejected and that was it. There must be some information missing.

No, but a sentence like "we bring in 25k and the rest as a buffer." You can keep your 8k as a buffer, but that doesn't move the financing either. The strange thing is, Interhyp has at least more than 5 banks in reserve, and considering that the advisor receives a commission of 0.5-2% on the 450k, it is a mystery to me why he does not try with other banks. After all, it’s a lot of money for him. But you obviously don’t question such things...

Correct ... then you take the 2 best in terms of conditions. BUT: if 2 advisors or banks see it similarly ...

The advisor at interhyp has already passed on a few new offers to us which we will now inquire about. I am still interested in what might have gone wrong with the other two. We will definitely take out a term life insurance.

Well, if two banks have already refused you the loan, I wouldn't try desperately to get it somewhere else. Maybe you can still change the amount of the loan or look for a cheaper plot of land. And a prefabricated house construction company is not exactly the cheapest way to build. The price/performance ratio just isn't right. Awarding individual contracts to local companies will definitely reduce the total sum drastically. You can build your house online and not worry about anything, but then everyone takes a slice of the pie.