Follow-up financing - under what conditions?

Ask the bank if a reassessment can be carried out. The mortgage lending value should improve significantly due to the higher land value and all the modernization measures. If that is the case, you can "increase" your first-ranking land charge and thus take advantage of the more favorable conditions for the loan (keyword: fully utilize the loan-to-value ratio).

Ask the bank if a revaluation can be carried out. The mortgage lending value should improve significantly due to the higher land value and all the modernization measures. If that is the case, you can "increase" your first-rank land charge and thus use the more favorable conditions for the loan (keyword: fully utilize the lending ratio).

With due respect... that is not good advice. The effort and especially the costs for a new appraisal (required for determining the mortgage lending value) as well as a new land charge registration are disproportionate to the loan amount relative to the potential interest savings. Besides, no bank will want to go through that effort - especially no direct bank.

The effort and especially the costs for a new expert opinion (required for the determination of the lending value)

What effort for the customer and which costs? Expert fees are just as inadmissible for consumers as a BG.

What effort for the customer and what costs? Expert costs are just as inadmissible for consumers as a BG.

Basically correct. Nevertheless, no bank will cover the costs.

In addition, as a consumer, you can offer the bank to cover the costs for a new expert report. It officially works like this: the customer commissions a new expert report and subsequently makes it available to the bank for a renewed BLW determination... It doesn't matter anyway – either way, it's nonsense.

that the customer commissions a new expert opinion and subsequently makes it available to the bank for a renewed BLW determination

... which the bank, however, may not accept without plausibility check. And the plausibility check involves the same costs as an independent expert opinion. BTW, loan-to-value appraisals by an external expert are many times more expensive than the bank's internal valuation (which takes about 3-5 minutes).

... but the bank is not allowed to accept this without plausibility checking. And the plausibility check includes the same costs as an independent appraisal. BTW, loan valuation appraisals by an external appraiser are many times more expensive than the bank's internal valuation (which takes about 3-5 minutes)

Also correct. But without a current appraisal, there is no review of the internal valuation. Therefore, customers are also advised to commission the appraisal from the company with which the bank cooperates. Then the plausibility check is omitted.

Direct banks commission the appraisals externally. Volksbanken and Sparkassen also do this, provided the property is not located within the statutory area.