From when does the financing start at the handover of the house in summer 2017?

0.015% per month, That would be the usual rate (if I remember correctly), otherwise it might be possible to negotiate it? The terms of a loan are negotiable after all. What I actually want to point out: you are in a completely normal situation, the notary will have corresponding modules etc. in his contract regarding handover, payment, risks. Congratulations on finding a used property :) Greetings

1. Go to the notary to have a draft of the purchase contract prepared. 2. Go to the bank to apply for a loan (the draft of the purchase contract will probably be required for this). 3. Schedule the notary appointment and sign the loan agreement so that the notary appointment takes place within the 14-day cancellation period. If the notary appointment fails, you can cancel the loan agreement free of charge.

Regarding the contract: - The money is only paid out when the house is handed over (the order is negotiable, but this happens very close together in time. Anything else severely disadvantages one party). If necessary, through a notary escrow account. Talk to the notary and the seller. - The bank pays out only when payment is made; repayment begins only after disbursement. - Until then, you either pay commitment interest or have agreed on a commitment interest-free period (talk to the bank).

Thank you all :)

Yes, presumably this is all standard, but for us it is completely new and we don't want to look totally stupid in the meetings with the bank and owner :)

We have 3% interest per annum with no setup fees. That means 0.25% per month.

0.015% per month,

The value cannot be correct. Either the comma is wrong or it is a daily rate ;)
It used to be usually 3%. Since the interest rate fell below 3%, the banks, to my knowledge, have also adjusted the commitment interest rate downwards. But definitely not to the stated value.

If I already know today that I can only go to the cabin in 10 months, the only correct answer from the bank is: 10 months of interest-free grace period. And not a month less, rather 3 months more.

Btw: Many banks have reduced from 3% to 1.5% p.a., others to the loan interest rate.