How is a 400k loan financible without equity? Net equity at €4,500

And then you come out with 3k net, sorry but our trainees in controlling come out with a bit less. So much for the topic

Next round at: Who has the thickest (wallet of course)? So far HilfeHilfe is leading with 6.3k. Who offers more?

And then you come out with 3k net, sorry but our trainees in controlling leave with a little less. So much for wanting to explain finances to others. I don’t want to tell you what I earn in controlling at LK1 and that without management. Not that you might want to apply with us right away

So far I always thought I was the greatest. From today on we all finally know that YOU are. Congrats - .
At school they always said: "Topic missed" but a winner like you surely skipped school right away.
actually seems quite satisfied with his life, from what I read, despite his now finally revealed poverty.
Ouch.....my eyes hurt reading this. Are we really in the construction forum here or in the career forum? Then I have to leave here right away......

Do the acquaintances of acquaintances who know a very wealthy person through the brother-in-law of the son of a friend also count?

Please be quiet or I'll shit you full of money (quote Mario Adorf)-

Of course, we could also use 10,000 or 20,000 as equity, but the bank said that’s nothing. We prefer to keep it tucked away.

Well, "tucked away" is a good way to put it. Some of the available equity will be directly deducted for the kitchen to be purchased. A liquidity reserve of at least 5,000 euros per person should also still be available. That means there isn’t much left "tucked away" that could really still be used for the house construction if necessary. If something unforeseen comes up, it means immediate refinancing.

With your income, a new build is definitely possible, but certainly not on this scale. Either the plot has to be significantly cheaper or smaller, or the house to be built on it. You have to be honest with yourself about that, but that’s normal. You definitely wouldn’t be the first for whom a castle turns into a little castle.

Well, "a good stash" is a good way to put it. Some of the available equity will also be directly deducted for the kitchen to be purchased. A liquidity reserve of at least 5,000 euros per person should also still be available. That leaves not too much "in the stash" that could really still be contributed to the house construction if necessary. If something unforeseen comes up, it means immediate additional financing.

With your income, a new build is definitely possible, but certainly not on this scale. Either the plot must be significantly cheaper or smaller, or the house to be built on it. You have to be that honest with yourself, but that's also normal. You certainly wouldn't be the first for whom the castle turns into a small castle.

Here is an example I got today from the financial advisor (who inquired at several banks).

1st bank: 100% financing; 15 years fixed interest period; effective interest rate: 2.1%. Did not accept our plot as equity because the plot is financed through them. And they do not agree with the increase in the standard land value. Is our house bank. But I will still talk to them.

2nd bank: under 80% financing; 20 years fixed interest period; effective interest rate: 1.21%. Accepted the plot with the current standard land value.

The approximately 1% interest difference is already enormous.

That was the first offer. I will of course still go to at least 3 more financial advisors. I think it will be similar for you with 100% financing. If you want to finance over 100% (additional purchase costs), then it will be even more expensive.

The property is financed through the house bank and it is therefore listed as the primary mortgagee in the land register?