Financing: Registered land charge vs. recorded land charge

LOL, I expected that – so I can also understand it very well because of the private written assignment. But everything is fine and no reason to worry. Then the VR Bank has other options, for example to offer a 30-year fixed interest rate.

So do the advantages outweigh in this case?! I just find it strange that the advisor told us it was cheaper with the bond. But according to Google and others, that's not the case at all.

So do the advantages outweigh the disadvantages here?! I am just surprised that the advisor told us it was cheaper with the registered land charge. But according to Google and others, that is not the case at all.

It doesn't matter what you do. However, if the bank wants to offer you a loan with an interest rate fixed for more than 10 years, it can probably only do so within the cooperative financial network. And for that, or exclusively for that, it must have the registered land charge. Both are land charges. The registered land charge just costs a few euros. Otherwise, neither one nor the other option is better or worse.

It doesn’t matter what you do. But if the bank wants to offer you a loan with an interest rate fixed for more than 10 years, it can probably only do so within the cooperative financial network. And for that, or exclusively for that, it must have the land charge certificate.
Both are land charges. The certificate just costs a few euros. Otherwise, neither option is better or worse.

Thank you very much :)
You definitely helped us further

Best regards

And if you receive the letter many years after the loan repayment - DO NOT THROW IT AWAY! Seriously, file it carefully. No one likes [Aufgebotsverfahren]!