Financing request - How many documents are normal?

No one will strip down to the last cent from the start.

I am honest - I find this statement, considering the fact that we are usually talking about several hundred thousand euros in construction financing, repeatedly surprising. There may be situations where this may not always be necessary. But in the end, that is a concession from the bank.

But I think the topic is now over-discussed. I think the OP wanted to vent and expected more support .....

I am honest - I find this statement, considering the fact that in the case of a building loan we are usually talking about several hundred thousand euros, always surprising.

Why surprising? Did I express myself unclearly? Is there really someone who goes to the bank and says "so as of today I have a total of xxx EUR in all my accounts and that is my equity"? Every reasonable person keeps a reserve in the background. The bank will also not require that all available funds be used as equity. The buffer from the famous three months' net income should be allowed to remain.

Why surprising? Did I express myself unclearly? Is there really someone who goes to the bank and says "as of today, I have a total of xxx EUR in all my accounts combined, and that is my equity"? Every reasonable person keeps a reserve in the background. The bank will not demand that all available funds be used as equity. The buffer from the famous three months' net income should still be allowed.

No. When we bought the house just after finishing our studies, we barely had enough equity to cover the incidental purchase costs. So we had to disclose everything we had, otherwise we wouldn't have gotten a loan at all. High earners are overrepresented here in the forum. In normal life, most people need practically "everything they have" to even be able to build/buy a house, unless parents/grandparents contribute significantly.

I'm not talking about huge sums, but about, I don't know, €5000 that you keep as a reserve.

Why surprising? Did I express myself unclearly?

Obviously.

The starting point was your statement "No one will strip themselves bare down to the last cent from the outset." Which clearly refers to the disclosure of financial circumstances.

Every sensible person keeps a reserve in the background. The bank will not demand that all available funds be used as equity. The buffer of the famous three months' net income should be allowed to remain.

That is correct – in case of doubt, however, the bank still wants this buffer to be proven. For good reason.

Is there really anyone who goes to the bank and says "as of today I have a total of xxx EUR in all my accounts and that is my equity"?

As I said, we are talking about two different things. Your assumption that the bank wants all demonstrated equity to be included in the financing is wrong. In short: Yes, the bank generally wants you to disclose your financial circumstances (i.e. to "strip yourself bare") – No, it does not necessarily mean that you will have no reserves afterwards.

So you have to undress, but you are allowed to go out again in underwear... (SNCR)