Forward loan - Secure interest rates now?

the financing component is entered in No. 1, the one running until 2031 is in second rank. These are two separate banks. I will study the loan conditions tonight.

I would simply approach the bank in second rank or have them offer me a forward loan if they do such things so far in advance. Two different banks are never ideal, especially with two terms. Is this bank a development bank? They usually remain afterwards. 'Give us a few names

Bank in 1st rank is the Sparkasse (they normally do not do 5 years in advance, at least usually not).

Bank in 2nd rank is the Bayer. Landesbodenkreditanstalt. Therefore a development bank, yes.

The financing came about this way because originally the Sparkasse loan was taken out in 2012 for another property. This was sold and with the new construction the second loan was added. We chose the Landesbodenkreditanstalt because they go into 2nd rank at good conditions.

then address the LABO. Maybe you have a chance...

Just a dumb question, my forward loan will come into effect at the end of April and yesterday I received an extension offer from the old bank for one of the credit components... if I don't respond, it will be automatically extended? Since when is silence considered acceptance of an offer... but the new bank has the refinancing authorization, do I really have to chase this up again (you just can't get the old bank on the phone)... is it common to still receive extension offers for expiring fixed interest periods despite termination?

Have you actually terminated the old loan?

Otherwise, it is in the interest of consumer protection that the old loan continues with a new interest rate. We are always only talking about the fixed interest period; the old bank is even obligated to continue the old loan (creditworthiness permitting).

Nevertheless, you will have to push hard behind the scenes so that expensive facts are not created...

I did not cancel myself, but gave a debt restructuring authorization to the new bank, and they last wrote to me that the old bank had informed them of the redemption amount on the agreed date and that the loans (3 in total) would be redeemed at that time. That doesn’t sound to me like the old bank has no idea that it was cancelled? I think I will follow up on that directly...