How much money do you have on the edge?

Then indeed a slightly higher loan-to-value ratio arises. But I can’t understand that, because every bank accepts a small EL portion (which increases the loan value) and no bank checks whether I actually take a shovel in my hand.

Outdoor facilities are estimated, for example, at 15,000 euros, then I make it 20,000 euros with 5,000 euros EL and then it fits. Same financing requirement, but 5,000 euros more loan value,

And what do I tell the bank then, when they want to see the invoice for the 5000€ difference in the external facilities?

"Um, my financial advisor just whipped that up for me, ask them!"

No offense, but aberman can't just fiddle with the numbers however they like. In tight financing situations, it may well happen that the bank wants to see a receipt for every €.

This is percentage calculation for beginners. Number game with simple numbers: 100k + additional costs equity, house purchase for 200k. Loan-to-value ratio 100k/200k= 50%. If you now also finance an additional 200k for renovation/garden/others, which may be 100% value-increasing (value now 400k), you end up with a loan-to-value ratio of 300k/400k= 75%. I don’t know how it is for you, but I call that a difference.

Could you please stick to the topic of additional outdoor facilities?? You are designing 2 completely different projects. Of course, with these two projects 200,000 euros loan value shift with 100,000 euros equity and 400,000 euros loan value with 100,000 euros, the loan-to-value ratios change, since percentage-wise the 100,000 euros equity is worth less.

But that wasn’t the question at all!?

Ok. 100k + additional costs equity, house purchase for 200k. Loan-to-value ratio 100k/200k = 50% House purchase for 200k + 20k outdoor facilities, loan-to-value ratio 100k/220k = 45.45% €: House purchase for 200k + 20k outdoor facilities, loan-to-value ratio 120k/220k = 54.54%

And what do I tell the bank when they want to see the invoice for the €5000 difference in the outdoor facilities? "Uh, my financial advisor just whipped it up like that, ask them!" No offense, but aberman can’t just mess around with the numbers however they like. In tight financings, it may well happen that the bank wants to see a receipt for every €.

You have to explain to me how you’re supposed to prove own contribution with a video? What matters is that the trade is completed/is finished and if one pays €15,000 for the same trade and the other only €10,000, the bank prices the trade in advance in their loan-to-value determination, it fits if it is simply completed. Here €10,000 is all through the company, the same as €15,000, of which €10,000 is through the company and €5,000 is through own contribution. The photos of the outdoor facilities look the same in both cases, only the one with own contribution has a slightly higher loan-to-value.

Whether renovation or garden, it’s completely irrelevant, the numbers are just easy to calculate and have a clearer effect than if you mess around with 10 k€. Don’t feel like digging out the calculator…