Financing requested from ING: Submit B&L for appraisal

Hello everyone,

On Monday, we sent our financing request for a new build EH40 online to ING with our financing advisor.

Now the financing advisor contacted us today and asked for the [Bau- und Leistungsbeschreibung]. This needs to be submitted for an appraisal and this review would take about 5 more days.

When I asked if this was a bad sign, he said it can sometimes happen. We should stay relaxed. It is probably due to some parameters in the general review. In the worst case, we would have to bring in more equity or the interest rate would be adjusted slightly. He cannot imagine a rejection in our case.

I wanted to ask here about your experiences and how you see this. Is it a bad sign that they asked for the [B&L] or is it simply a routine that is done at ING for certain values?

Thanks for your experiences and assessments!

If necessary, they may want to check whether the construction price demanded from you matches what is stated in [B&L]. It could be that you are supposed to pay gold but receive bronze; I believe that is where the additional charge comes from. Because the bank also does not want to take a risk, where presumably the company would be the fly in the ointment. ;-)

I only find it strange with [Ing] that something is being demanded again. Normally, an algorithm looks at all the data and then gives a thumbs up or down - without explanation and without the possibility to negotiate. In this respect, maybe it's a good sign that a person is looking at it.

Haven't been able to upload anything with them since December, I also think there is more manual work involved than one would think.

So for me, the construction description was simply on the list of documents required, and I sent it along. It's clear that the bank wants to know if you're missing a few trades in the calculation ;)

So for me, the construction description was simply on the list of documents that are needed and I sent it along. It's clear that the bank wants to know if you haven't missed a few trades in the calculation ;)

Did you also finance through ING? Our advisor didn't say it was needed when uploading.