good lender for special repayments

Do you have to get in touch with the bank regarding a loan after reaching an agreement with the seller?

I would get in touch with the bank BEFOREHAND (if you are about to sign the construction contract). Personally, I believe that the financing should be (absolutely) secured first before signing the construction contract. You can also submit this to the bank later (however, a preliminary version during the loan application makes sense). Imagine you sign the construction contract and the bank still pulls out. My approach: 1. Clarify conditions with the financer 2. clarify everything with the home construction company so that only signatures are missing 3. fix the loan (if necessary, even wait for the approval of the internal departments and the commitment) 4. sign the house construction contract 5. submit missing documents to the bank so that everything goes smoothly at the first disbursement

Hello,

As a rule, you will receive a financing confirmation, which your provider will also want; unless they insist on other forms of security. Then it depends crucially on the financing institution – one requires a condition report signed by the site manager, the other is satisfied with the submitted invoice for the partial payment xyz.

You also have to add the processing times for the notary (ordering a land charge) and the land registry office (registering a land charge). At least in Berlin, notaries and land registry offices are fully booked, and the whole process can take up to 12 weeks. Possibly a notary confirmation (your financing advisor will explain the details) and a friendly request at the land registry office might help.