House purchase - What financing terms can be expected?

With a 15-year fixed interest period, you currently won't get below 2% with 100% financing, more likely a bit higher.

I think so too. 15 years 100% financing would currently be good at around 2.2 - 2.3%

The building savings contract can be split to get it allocated faster. When the equity basically comes from this + 30T loan from the building savings contract (which is subsequent), the situation looks completely different again (regarding the loan-to-value ratio). It may need to be financed temporarily; but that’s also an everyday matter.

Definitely get several offers; also sometimes from the brokers as well as your BSK.

At our big blue bank, it didn’t take even 2 days; only one extra week was needed for the appraiser’s process.

Thank you for your answers.

Is there a possibility to split my building savings contract so that it becomes eligible for allocation relatively soon?
If the building savings contract is in second priority in the mortgage, I will get a much better interest rate from the banks, right?


So I am now in competition with another buyer.
If he gets his commitment faster, my dream will be shattered

Thank you for your answers.

Is there a possibility to split my building savings contract so that it matures for allocation relatively quickly?
If the building savings contract ranks second in the mortgage, I get a much better interest rate from the banks, right?


So now I'm in a race with another buyer.
If he gets his approval faster, my dream falls apart

We had our building savings contract split.
As a result,
1. the bonus interest was lost (this will happen to you too) and
2. allocation including payment takes 3 months. Of course, you can insist on immediate payment, but then we are talking about the termination of the building savings contract, which is even more "disadvantageous."

3. Don’t rush anything, there will always be a dream (property). Lay the foundation now. That means, have the building savings contract allocated and paid out, clarify everything with the bank in advance (What size of loan is possible, what installment do you feel comfortable with, what loan structure is necessary, etc.).

Is there a possibility to split my building society savings contract so that it becomes allocation-ready relatively quickly?

Yes; or rather, the BSK then finances it in advance. If the loan portion of the building society contract is under 30K, it doesn’t even go into the land register. Thus, it counts like equity in the lending ratio.

If the building society contract ranks second in the land charge, I get a much better interest rate from the banks, right?

Yes, however, it also depends a bit on who the first bank is and who the BSK is. If it is the "group-owned" BSK, more building society contracts are often sold than necessary (meaning more than 30K), and then the building society loan is no longer recognized or counted as equity.

1. the bonus interest disappeared (this will happen to you too) and

If you have a building society contract that has such, yes. But there are many BSKs that never offered building society contracts with bonus interest.

2. allocation including payout takes 3 months. Of course, you can insist on immediate payout, but then we are talking about a dissolution of the building society contract, which is even more "disadvantageous".

Pre-financing is the keyword.

So I am now in competition with another buyer. If he gets his approval faster, my dream bursts

Yes, they all say that. As long as no one comes with a suitcase full of small bills, they are all at the mercy of banks, brokers, and processes...

means, have the building society contract allocated and paid out, clarify everything with the bank in advance (what loan amount is possible, with which rate you feel comfortable, which loan structure is necessary, etc.).

@TE: Definitely get advice or have the entire plan calculated by the banks. Above all, don’t make any changes to the building society contract (splitting/etc.) or even withdraw without reason. Otherwise, you would have paid the completion fees for nothing, without "leveraging" the equity, especially if another property is in sight in the near future.