Financing problems

my post referred to that. It should be similar here in my region with the Belgian cases, that regional banks also handle cross-border commuters. But no, only one bank does that. And if they say no... well... then that's it. In this case, the bank wants more collateral, but the TE cannot provide them.

that for the banks, there in the border area

Should be offered, for example, by every Volksbank that cooperates with an affiliated covered bond bank. No matter where the Volksbank/Raiffeisenbank is located.

Some assumptions and claims are, in my opinion, unnecessary, as one should assume that the Interhyp advisor knows what he is doing and where he places the financing.

The only thing he does not know is the bank's evaluation, and as it looks, a positive credit approval will currently also fail because of this, meaning the house or the costs seem to be too high, at least for or at the 2 banks where it has been submitted so far.

It should be noted that with about 400 eligible banks, it does not necessarily mean that the project will fail or that there will be no approval. It may be alarming if 2 banks reject, but it still does not have to be an indication of anything. It would be interesting to know which banks have rejected.

Some assumptions and claims are, in my view, unnecessary, as one should assume that the Interhyp advisor knows what he is doing and where he places the financing. The only thing he does not know is the bank's valuation, and as it looks, a positive credit vote currently fails because of that, meaning the house or the costs seem to be too high, at least for or at the 2 banks where it has been submitted so far. It should be noted that with about 400 potential banks, it does not necessarily mean that the project will fail or that there will be no approval. It may be alarming if 2 banks reject, but it is still not necessarily an indication of anything. It would be interesting to know which banks have rejected.

How do you come to the conclusion that the house is priced too high? They want additional securities, it can also be interpreted that they rather assess the house as too cheap and fear that it will not be completed in that form. Especially the fact of interior finishing + ancillary building costs. Both could be wrongly calculated at that point. But of course, you can submit it 50k cheaper. But what does it bring to the OP, he needs the money.

In border areas such as in this case in the DE / LU / BE region, the standard procedures typically applied within the federal territory cannot be applied universally. In a case like this, living in Germany and working in LU, for example, it means that direct banks like Ing-Diba reject directly and have no interest (this could be due, among other things, to the fact that wage garnishments are not as easy to implement as in DE). However, if you go to the local Sparkasse or Volksbank in Trier, you will be very warmly welcomed there. The background to this is that banks in the border region have no problem with such constellations at all, and the financing amounts for cross-border commuters are on average somewhat higher. So if a financial broker, then it is probably better to inquire at the local offices of the two most well-known ones, or directly at the banks on site. Or even consider Luxembourg banks, whereby financing here is mostly chosen with a flexible loan (without fixed interest rate), which is alarming high for us Germans.

how do you come to the conclusion that the house is priced too high? They want additional securities, it can also be interpreted that they rather classify the house as too cheap and are afraid that it will not be completed in that form. Especially the fact of interior finishing + ancillary construction costs. Both could be miscalculated in this case. But of course you can submit it 50k cheaper. But what does that bring the OP, after all, he needs the money

I really can’t judge that, and I don’t want to either, no one can or has anyone reviewed documents? Besides, I more or less excluded the explicit loan-to-value discussion under assumptions and claims. Two banks have declined because of the loan-to-value, that’s why I apparently wrote that. But I also wrote that among 400 possible banks this need not be a representative statement and when I read that so far the PSD Bank and the Sparkasse (I just reread the mention of the banks) have been selected, then I’m not surprised anymore. The fact is, to fall within their loan-to-value guidelines for both, the prices are too high or the equity is too low, because based on the creditworthiness according to the information provided by the OP it can’t be the cause. My statement referred only to these two banks; in principle I have rarely if ever experienced that financing could not be arranged based on the loan-to-value if the customer paid the ancillary purchase costs as well as the ancillary construction costs from equity. The OP’s problems are, to me, homemade problems, which may stem from the choice of advisor, because on the one hand I, for example, appraise the property with Sprengnetter before the selection and presentation to the bank and on the other hand I make sure that in high loan-to-value segments, e.g. I don’t select PSD Banks. As I said, I don’t know such problems and credit votes and certainly there will still be a solution here.