With how much % equity do you get the best conditions, I always thought 60% was enough, but I keep reading 80%. Is it different from bank to bank, what are your experiences?
What do you want to know from my contract? I have already posted the conditions themselves in "my" thread. I do not want to post the entire contract, not even "redacted."
Certain passages would be okay. But apart from a no-provision period, the interest rate, the special repayment, and the one-time waiver by the bank to terminate the contract after 10 years, I think there is nothing special.
As already mentioned, 70BP only through negotiation is unrealistic. The DGFZ alone has conceded 41BP from early December to the end of January.
The fundamentally best conditions are offered differently depending on the bank, either already at 80% BW or at 60% BW. However, those banks that already offer the top conditions at 80% will always disadvantage the "better" secured loan because somewhere a part of the risk costs for the "tight" 80% BW must still be accounted for, even for well-secured loans.
The 60% limit stems from the fact that this limit can be fully counted as collateral for mortgage covered bonds in refinancing. In addition, at 60% the point should be reached where a loan will never default with an outstanding balance because this value will almost always be achieved in a forced auction (simply put).
But be honest. No bank will give the best conditions with the first offer. The first thing our advisor from LBBW told us: If you have a better offer, just pass it on, we will give you a better one. And that’s exactly how it was, the banks / Interhyp etc. play each other off. My tip: keep going back and forth until someone finally drops out. The interest rate from LBBW was "allegedly" approved by the board.
Good morning
What foolish business conduct.
I would be the first to drop out there.
That’s almost comparable to a kitchen studio.