House vs. Condominium, Rent vs. Purchase

Yes, she knows that of course. ;) Due to my self-employment, we have a marriage contract and separation of assets to keep the entrepreneurial risks away from her. For this reason, the credit risk for the house construction is also on me, since it is basically already irrelevant to me anyway... ;)

may I guess? wife employed by you?

then the whole thing dies

@nordanney: I think we are talking past each other. I do not want to repay the loan with my sole 2,500 euros net. My wife's salary is included in the calculation. However, she does not have to sign the loan agreement. Together, 5,000 euros net are available. I was personally surprised that they want to leave my wife out, but I am just repeating the bank's statement.

No, of course not employed by me. The lady is a civil servant.

@ nordanney: I think we are talking past each other. I do not want to repay the loan solely with my 2,500 euros net. My wife's salary is included in the calculation. However, she does not have to sign the loan agreement. Together, 5,000 euros net are available. I was personally surprised that they want to leave my wife out, but I am just repeating the bank's statement.

Then I have to bring you back down to earth. No signature from the wife, no consideration of her salary! Sorry! Wife gone, money gone = bank unhappy, since no access to the wife's money. Formally, you are repaying the loan alone – after all, it’s only YOUR loan contract. She has to sign or, if necessary, take full liability as a guarantor.

That's what separation of property is for.

In the last 20 years, I have never once seen the wife's salary considered in such a constellation (and that with various banks). If your bank does this, you are extremely lucky. However, only until the audit takes a look at the case. The bank is not allowed to count your wife's salary.

Hello

I can only agree. A civil servant naturally casts everything in a different light. 5,000 net is very good. Although they use a different calculation.

The bank will never include your wife in the household calculation like that, some will even apply a flat rate. For self-employed people, they check for 3-5 years. Some self-employed people make themselves appear "poor."

Most likely your house bank knows your balance sheets best, whether you will then be free to choose an alternative bank I doubt...

But still, the numbers for both of you, assuming you both sign, purely financially speak in your favor.

I completely agree with you. If I were to read my posts here, I would probably also think that it is pretty gullible. I also fear that the bank will suddenly impose different conditions when it really comes down to it.

The real estate bank is the same as the company-financing bank. Exactly for the reason mentioned.

Another example from our region, not heard about, but witnessed live:
60-year-old self-employed person with about 2,000 euros net, four illegitimate children, with insolvency experience, needs 250,000 euros credit for a house from the 90s valued at 330,000 euros by the lending bank. I would have bet that he had no chance of getting a loan. I would have lost that bet. He got the money.