Funding confirmation or how to spend more money...

Financing confirmation = legally non-binding confirmation that the bank is willing to finance the corresponding amount for the property under the known pre-checked conditions.

Some time effort for the processor.

Aval or bank guarantee = bank's guarantee, contingent liability, risk for the bank, burdens the balance sheet.

Everything else does not need much explanation. On a form from Heinz von Heiden, I would not sign as a bank either. Legally unclear risk, etc.

Everything else is a problem between Heinz von Heiden and the builders. Exceptionally, one should not blame the bank for that....

What exactly does Heinz von Heiden demand?
For us, it was ultimately only about the builder receiving a guarantee from the bank that the amount of the house land price would be paid out by the bank directly to him and that we could not do anything else with it and in the end there would be no money left for his rightful claims...

Thanks for your info. Although blaming the bank is not entirely unfounded, as roughly stated. As described in the initial post, you are pointed to many costs outside the bank's sphere of influence, but this is exactly where it seems to fail. Although the bank could have quite precisely stated which costs *can* arise and especially which ones. Moreover, apparently *only* the bank guarantee is offered in conjunction with Heinz von Heiden. So in my opinion, a certain duty to inform here? did not take place, always to be seen in connection with what they have done and the information available to them.

I understand and accept that a guarantee is a risk for the bank, and that is undisputed. What I cannot understand is what Heinz von Heiden wants with a smaller five-figure sum as a guarantee? Nothing can be done with that in case of emergency, can it? I would understand if it were about the entire house sum, but it is not.

What exactly does Heinz von Heiden demand?
In our case, it was ultimately only about the builder getting a guarantee from the bank that the amount of the house base price is paid by the bank directly to him only, and that we cannot do anything else with it and in the end there is no money left for his legitimate claims...

I also have exactly such a document in two versions, one simply without frills. The crux is, however, that my bank *only issues a bank guarantee* to Heinz von Heiden at the current point in time. According to the contract for work, Heinz von Heiden accepts both a cost-effective/free version and the more expensive one with the guarantee.

*or does not recognize the required financial certainty because of disadvantage to the construction company. However, with the simply written form, I cannot see where that disadvantage lies.

Thank you for your info. Although, roughly speaking, blaming the bank cannot be completely dismissed. As described in the initial post, one is pointed to many costs outside the bank’s sphere of influence, but this seems to be where it fails. Although the bank could have quite precisely stated which costs would *potentially* incur. Especially since apparently *only* the bank guarantee together with Heinz von Heiden is offered. So in my opinion, a certain duty to inform? did not take place here, always to be seen in connection with what they did and the information available to them.

I understand and accept that a guarantee is a risk for the bank and that is undisputed. But what I can't understand is, what does Heinz von Heiden want with a smaller five-figure sum as a guarantee? Nothing can be done with that in case of emergency, right? I would understand if it were about the entire house amount, but it is not.

I wonder if you are seriously self-employed and deal with T&Cs? The bank certainly referred you to their general terms and conditions in the loan agreement. The costs you question should be listed there. Anything that does not directly relate to your construction financing does not have to be discussed or addressed. Or did you think that by reviewing your loan your contract with Heinz von Heiden would be legally examined? And as the saying goes in the tavern: once a guarantee is ordered, it must be paid.

Thank you for your information. Although blaming the bank is not entirely unfounded. As described in the initial post, one is informed about many costs outside the bank's sphere of influence, but this seems to be where it fails. Even though the bank could have said quite precisely which and especially what costs *can* arise. Especially since apparently *only* the bank guarantee is offered in conjunction with Heinz von Heiden. So, in my opinion, there is a certain duty to inform here? which has not taken place, always to be seen in connection with what they have done and the information available to them.

I understand and do not dispute that a guarantee is a risk for the bank. What I fail to understand is what Heinz von Heiden wants with a smaller five-digit amount as a guarantee? Nothing can be done with that in case of emergency, right? I would understand if it were about the entire house amount, but it is not.

Hold on, I think you have the wrong perspective. The bank informs you about costs associated with the loan agreement. That is already significantly more extensive than in other industries, or does a car buyer get informed about the costs of insurance or are they somehow included in the purchase price? But well, apples and oranges. I generally think it’s good that it is like this.

You are complaining, however, that your bank wants fees for something that is a non-mandatory additional service. Thousands build their houses without a guarantee. Just have the bank issue a normal financing confirmation and go to Heinz von Heiden. They probably won’t accept it, but why is it the bank’s fault??? That is your individual problem!