Financing request - How many documents are normal?

By the way, this is very, very often (actually always) a misconception – because the "independent financial service provider" may possibly belong to a bank (example Interhyp / Ing-Diba) and is therefore not as "independent" as one might think, and/or lives purely from commissions...

You are right. Exceptions prove the rule.
Therefore compare compare compare

By the way, the ING you mentioned, as far as I know, does not differentiate the conditions and does not distinguish between the financer and the end customer...

Many others, on the other hand, certainly do. At least the comparison is worth it, and that’s all I wanted to say.

I believe this is a perfect example of how two people can talk past each other. You agree

: Was that planned from the beginning with you, or did it result from unforeseen circumstances?

No. We just hadn’t been able to get a four-room apartment for ages, and then we started looking for houses relatively shortly thereafter, then ours came up, we wanted it, hit the jackpot, and got the contract out of dozens of competitors. All in all quite rushed. But we knew that we had considerable room for salary growth (and still do). And since then, no house in the desired location came on the market that we could have afforded. So everything was done right. And today we earn €1300 net more per month than in 2017, so the plan worked out. So I wouldn’t recommend it overall, but under certain circumstances, sometimes you have to or can bring decisions forward.

By the way, the ING you mentioned does not differentiate the conditions to my knowledge and does not distinguish between financier and end customer....

Well, I have never seen credit-dependent interest rates at ING. There is always a fixed rate, and you either get the loan or not.
I find that quite sympathetic; what use is a great offer if, when I have the exact calculation done, the interest rate is three times higher... (not in mortgage financing, but with other products).

Otherwise, as has often been mentioned: if you want independent advice, you have to be the one who actually pays the advisor. If someone else does that (and then subtly passes it on to the customer by embedding it in the conditions), then the advisor mainly works for the other party...

No. We actually just hadn’t been able to get a four-room apartment for ages, and then we looked for houses relatively quickly afterwards, then ours came up, we wanted it, hit the jackpot, and were awarded it among dozens of competitors. All in all, quite rushed. But we knew that our salary had significant room for growth (and still does). And since then, no house has come on the market in the desired location that we could have afforded. So everything was done right. And today we earn €1300 net more per month than in 2017, so the plan worked out. So overall, I wouldn’t recommend it like this, but under certain circumstances, sometimes you have to or can bring forward decisions.

I know that. For us, the phase until the purchase was completely turned upside down by a death. In the end, we currently have one or two surprises that could have been known. But at least now I know that it doesn’t help me if my house is not a listed building but belongs to an ensemble protection area. Or in other words: there are no funding pots, but every change still has to be approved.

Since I read about financing earlier in another thread, I remembered that I hadn’t clarified this here at all:

Dear doubters and skeptics – I have to disappoint you. We closed the financing with the mentioned bank for the mentioned house without any additional lottery winnings.

Many first speculate in the obvious directions like poor creditworthiness. But that wasn’t the case (you can believe it or not :D).

I wonder how many people apparently deceive banks so much that they no longer (or not at all) believe and trust their customers… :rolleyes:

After many discussions, when we finally understood a bit more specifically what the bank’s problem was (even though we still can’t comprehend it), our construction company ultimately shook their heads but laughed while issuing what we needed. Basically, we just switched 3+6=9 to 6+3=9 and it was accepted.

And in problem two, in the end our notary gave the bank a written statement that basically everything we have always explained was correct (roughly, “There is no document the family can request from me”). Well, the dear bank finally had to admit that we do know quite a bit about what we own and intend to do, even though we had to hear before that we probably weren’t sufficiently informed.

Nothing has changed in terms of content and we have the financing. We lost a few weeks of time and nerves, but now we’re leaving that behind us and are finally at the next steps, so slowly the anticipation is building up again.:cool:

I wonder how many people apparently cheat banks so much that they no longer (at all) believe and trust their customers… :rolleyes: [/]

"Credit" is indeed derived from the Latin "credere" (to trust), but the legislator leaves little room here. "Believing" and "trusting" have little place within the scope of a construction financing approval – the bank has to check almost everything for plausibility and sustainability. And nothing else was claimed here at many points.

After many discussions, we then understood a bit more concretely what the bank’s problem was (...)

Also at this point a note that many suspected that the whole thing was based on a misunderstanding on your part :)

Regarding the topic of "misunderstanding," sometimes a change of perspective helps – such a bank grants several hundred/thousand/tens of thousands of construction financings per year – as a customer, one often handles something like this only once in a lifetime. Of course, this does not mean that the ultimate competence in all matters lies with the bank; generally, though, one can assume they know what they are doing :-)

... but nice that things are moving forward after all :)