Home financing: Is a property feasible with a good income situation?

Which banks have rejected it?

Temporary employment contracts and (only short) self-employment can (but do not have to!) be exclusion criteria.

In any case, there is then a detailed review at good banks.

A teacher employed on a fixed-term contract for the second time in the state service will be assessed differently than a warehouse worker employed on a one-year fixed-term contract for 6 months at a temporary employment agency of a subcontractor of a subsidiary of an online retailer.

Which banks rejected it?

Temporary employment contracts and (only short) self-employment can (but do not have to!) be exclusion criteria.

In any case, there is then a detailed examination at good banks.

A teacher employed on a second temporary contract in the state service will be assessed differently than a warehouse worker employed for six months on a one-year contract at a temp agency of a subcontractor of a subsidiary of an online retailer.

Yes, I quite agree with you that it will be assessed differently depending on the case. Unfortunately, I cannot tell you exactly which banks those were, or whether these were statements from a financial advisor. It just occurred to me as the example above was mentioned.

I simply wanted to point out (and/but there are differences here too) that some banks do not bother with an individual review, while others do. Sometimes it even depends on the advisor.

Despite the appropriate tools, one doesn’t feel like taking on increased risk, or the guideline states: limited = no-go, or the margin is (because of the top condition) already so small that it simply isn’t worth the effort.

Or the risk is actually too great and the financing is very uncertain in the long term...

Many reasons can be decisive. There probably isn’t one all-encompassing solution.

We are looking at a property (new from the developer) for around 215,000 euros, plus incidental costs (land registry + notary) and materials for the DIY work, I expect a requirement of around 250-260,000 euros. Now to our problems: We have equity of about 10,000 euros.

1.) Depending on the federal state, the equity is not enough for the incidental costs. I would even say it definitely is not enough for the incidental costs, there is always a bit more around ... I would therefore advise against the plan! 2.) What do you plan to get for 260,000 euros? A condominium? A house on your own unencumbered plot? Or house and land together? (Sorry if this is written somewhere here, I just don’t see it ...)