How successfully did you negotiate?

Without knowing the exact background and details now, I can only guess. What does "maintain" mean? That sounds like we are talking about an offer that dates back to around April and where there was a basic commitment from the bank at that time. They then have a period during which the bank stands by this commitment, regardless of the subsequent interest rate development. For example, 7 days, 14 days, or even a month.

If the interest rate rises sharply during this time, as then happened, another (later) bank will hardly want to undercut this commitment, because the refinancing no longer works.

The bank with the commitment may already have (partly) refinanced, because this commitment was out there. => Entrepreneurial risk

Some banks, however, only refinance themselves, for example, fundamentally 14 days after the final contract conclusion (due to the right of withdrawal), and thus earnings always shift slightly. With rising interest rates, the margin decreases due to the interest rate having risen in the meantime; with falling interest rates, the margin increases. On average, this relativizes itself in the total of all new contracts for the bank. At least in the long term, this deviation is negligible overall.

However, I cannot imagine that this offer would have been maintained long beyond this commitment period.

That would be a possible attempt at an explanation, based on a lot of guessing.

Maybe you should come down from your high Sparkasse horse and stop trying to lecture people here.

Tox "lectures" no one here - for my part, I am glad that he even takes the time to explain things impartially - and I hope for you that, with some distance, you have also realized that your stubborn insistence on the supposed "only" truth cannot replace well-founded expert knowledge.

Next time, you surely won't be so lucky that I am away on business and don't have time to check the forum.

By the way - I am still waiting for you to fill out your profile.

Rhineland greetings

To give an update now...

After lengthy negotiations, we have reached the current maximum. At least that's what my gut feeling tells me, as this was called the pain threshold by 2 banks. We have spoken with many banks, also involving Dr. Klein and Interhyp. I have to say Interhyp was worth it, as we were still able to get a very good offer from HVB there, which we were able to use as leverage with other banks. We are disappointed with Dr. Klein, little commitment and they did not stand up for us at all.

In the end, we negotiated directly with many banks, which also paid off. Worst offer: 2.65%, best: 1.98% -> 20 years fixed interest. KFW loan: worst offer: 1.0%, best: 0.7%; all figures are effective interest rates. This results in a blended interest rate of approx. 1.8% effective when considering annuity loans + KFW. There are also “perks” like free 5% special repayments per year and unlimited rate changes, minimum 1x per year free of charge. Here, too, the full range was available from “none” to “2x” to virtually unlimited.

So I can only recommend everyone to negotiate hard. Every bank gave us the feeling that they really want to do business with us. We were able to take advantage of that!

The different KfW interest rate surprised me a bit, but when I read the location (my hometown), it was clear: The 1% one was probably original KfW and the 0.7% from the L-Bank, same program, same conditions, but just for BW.

Write me a private message if you feel like it about exactly where you want to build in Reutlingen.

The different KfW interest rate surprised me a bit at first, but when I read the location (my hometown), it was clear: The 1% was probably the original KfW and the 0.7% from the L-Bank, same program, same conditions, but just for BW .

Drop me a PM if you feel like it, telling me exactly where you want to build in Reutlingen

I don't quite understand yet... are there 0.7% loans in BW?

Yes, at the L-Bank