House purchase from uncle - Monthly payment or take a loan?

We are following a similar concept:
We received our property from my husband's grandparents, it costs 60,000 euros and we pay them 200 euros monthly.
It was important to us that this approach was discussed with (and approved by) all family members potentially affected afterwards and that it is notarized that if the grandparents, for whatever reason (care, move, whatever), demand immediate repayment, we must comply.

When you read this, it seems like no family in the world understands each other anymore and everyone is at odds because of money :oops: Somehow, the assumption by everyone is very sad.

I just need to check if it can be recorded in the notarized purchase contract that in the event of my uncle’s death, the property will not be revalued and I only have to pay the outstanding amount to the 4 cousins. Otherwise, I have no objection to option 1, because a loan with 0.5% interest is probably not going to be available.

Additionally, it can be written in the purchase contract that I can pay the remaining amount in full at any time or agree on higher monthly payments.

The assumption that you only wanted to use this option from the start is confirmed. So why the inquiry? Moreover, people only mean well by sharing experiences with asset divisions after deaths within the family. No one here said that all families are at odds but pointed out that an inheritance can be a great test of peace (!) and supported this with examples. You wouldn’t have to expose yourself to this risk at all – even if, in your opinion, it is very low (I see it differently) – this is repeatedly told to you here, nothing more.
Furthermore: a good acquaintance is currently building with comparable numbers regarding loan amount and equity with (split) 0.4 & 0.57% loan interest, the latter fixed for 10 years. So the 0.5% from your uncle is not THE argument either.

I wish you that your family belongs to the honorable exceptions, but even if that is the case, immediate payment is simply better for me because everything is settled at once.

Moreover: a good acquaintance is currently building with comparable figures regarding loan amount and equity with (divided) 0.4 & 0.57% loan interest rates, the latter fixed for 10 years. The 0.5% from the uncle is therefore not THE argument either.

He wants a 100% financing for 15 years and that does not exist below 1%.

He wants 100% financing for 15 years and that doesn’t exist below 1%.

Of course it exists, as long as there are alternative securities. If you have assets, cheap money is currently being thrown at you. It is a comprehensible game in itself, which as a whole drifts into absurdity.

In addition: a good acquaintance is currently building with comparable numbers in terms of loan amount and equity with (split) 0.4 & 0.57% loan interest, the latter fixed for 10 years. So the 0.5% from the uncle is also not THE argument.

He wants a 100% financing for 15 years and that is not available under 1%.

He also wants something that, from my point of view, is suboptimal. He could easily do a 100k financing with a value of 300k.
He wouldn't have to finance 100%... many would like to have this starting position, he is giving it away.

He also wants something, from my point of view, suboptimal. He could easily get a 100k loan against collateral worth 300k. He wouldn’t have to finance 100%... many would like to be in this starting position, he’s giving it up.

It is definitely worth considering taking out a slightly larger loan at very favorable terms rather than liquidating a well-performing portfolio. We also took out a loan for the construction, even though we could have managed with our equity. So far, the decision has been excellent.