Financing single-family house in southern Lower Saxony - SPK on strike!

2021-04-15 08:39:25

One more question on a personal note: What is your experience regarding applying for financing directly through the bank without a consultant? For example, requesting financing from ING without an independent consultant. Does that make sense? Or are the conditions still worse than with a consultant who also receives a commission?

I went through a consultant and got a better interest rate than what was stated on the ING homepage. The consultant also applied one or two "tricks" which were possible with my property (developer project).

2021-04-15 08:43:28

So I would always choose a (good) financial advisor. They know how the different banks operate, which bank is particularly suitable for which project, and exactly which documents are expected. This can simply ensure faster processing and feedback, but in case of doubt, it can also determine whether a loan is granted at all or not. This is especially important with banks that have a high degree of automation. But even with banks where many decisions are still made by people, an experienced financial advisor can often get more out of it than you can yourself.

2021-04-15 08:47:06

Exactly for the reasons Tolentini cites, we also first went to a consultant last year. Super nice, competent, committed - but in the end the process only cost us time. Almost two months. Our nerves were BLANK! Two inquiries at banks were rejected because the property was absurdly undervalued - in between, eternal waiting times, demands for additional information - because of Corona, the reviews supposedly all took longer... We even had to postpone the notary appointment - in the end, we went to the local Sparkasse and had the financing within a week. With good conditions. On site, the consultants know the actual property situation and not just the statistical figures.

2021-04-15 08:47:24

We have offers from Sparkasse and would now like to obtain comparison offers. Is it advisable to do something like this exemplarily via Dr. Klein or similar?

2021-04-15 08:49:39

Ok good, thanks. Then one more question: did you obtain multiple offers from several financial advisors or just from one? So far, we have always done our financings (under 150k) with just one financial advisor. However, I have the feeling that this person is very strongly connected with the DSL Bank. I lack a bit of oversight regarding other banks. Since we will soon be looking at financing around 350-400k, I am considering bringing at least one more advisor (possibly I.....hyp) on board as a second opinion. How was it for you?

2021-04-15 08:52:15

Exactly for the reasons Tolentini mentions, we also first went to a consultant last year. Super nice, competent, committed – but in the end, the process only cost us time. Almost two months. Our nerves were RAW! Two inquiries with banks were rejected because the property was absurdly undervalued – in between there were always eternal waiting times, requests for more information – due to Corona, the checks allegedly all took longer... We even had to postpone the notary appointment – in the end, we ended up at the local Sparkasse and had the financing within a week. With good conditions. On site, the advisors know the actual real estate situation and not just the statistical figures.

Everything was still fine during the request for offers. But when we submitted the application (through Interhyp), we received the rejection. However, our consultant then spoke directly with the caseworker at the Sparkasse, who in turn only referred to his system and said that he couldn’t do anything more, even through his superiors.

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Financing single-family house in southern Lower Saxony - SPK on strike!

Mitleser123

Tolentino

Myrna_Loy

SamSamSam

Hausbauer2021

MontyPython