Financing problems

Aha, now we're getting closer to the matter. How did you know that, boxandroof?

The profile, if I'm not mistaken, looked different until recently. With the obvious secrecy, anonymous Jules is certainly making slow progress; I would turn that off out of self-interest.

If that is the case, no wonder. Friends work in Switzerland and have bought a house in Germany. They searched for a very, very long time until they found a bank that would go along with it and didn’t immediately demand 4% interest.

Just guessing because of too little information:

- Cross-border commuter
- possibly negative net assets (equity - car loans)
- construction cost breakdown implausible (are the 50k sufficient for the rest?)
- no proof (see construction cost breakdown) for the difference between loan amount and construction company production costs
- ratio of own work to total production costs (over 10% for you)
- where are you building? Structurally weak region? Possibly an additional discount on the BLW is applied for you because difficult to realize...

...etc...

Maybe the sum of things. Maybe you would get the financing if you built a turnkey house.

If your advisor can't tell you what the reason was (that just reminds me of a legendary interview of a footballer after the game :d) then he either didn’t want to tell you or had no clue.

Why do banks not like that? In Switzerland or also Luxembourg, you can usually earn well.

Friends work in Switzerland and have bought a house in Germany. They searched for a very, very long time until they found a bank that would go along with it and didn’t immediately charge 4% interest.

Intermediaries can tick a box in the software to filter out the banks. That's actually not a problem, as long as you don’t visit the banks yourself. Maybe the bank also considers the salary unsustainable; with family growth, the flexibility to commute long distances decreases significantly. You don’t know.

Why don't banks like that? In Switzerland or Luxembourg, you can usually earn well.

Because they have no access in wage garnishment etc.