How does the notary appointment proceed then? I actually thought that with the purchase (summer 2020?) the apartment would be transferred into my ownership and a mortgage would be registered for the lending bank. But if the lending bank is only finalized with the financing completion (at the end of 2021?), how does that work then?
How does the notary appointment proceed then? I actually thought that with the purchase (summer 2020?) the apartment would be transferred into my ownership and a land charge would be registered for the lending bank. But if the lending bank is only determined upon completion of financing (at the end of 2021?), how does that work then?
No, you are not the owner by far yet. Registration of priority notice of conveyance, transfer of ownership etc. pp
I currently want to purchase a new apartment within a larger complex directly from the developer. The marketing runs from summer 2020 until winter 2020. Construction takes place from early 2021 until mid-2022.
I am already bringing a large portion of the property costs through equity. For the last third, I would need to take out a loan. Since the payment is made according to the construction progress, I would probably only need the loan around the end of 2021 and would pay the installments from my own funds before that. Now the seller wants a financing commitment from a bank upon contract signing. How do I approach this most cleverly? If I get more specific with my financing request at a bank now = summer 2020, I would have to pay commitment interest until the end of 2021. I want to avoid that. I probably cannot arrange financing only at the end of 2021 either, since the seller naturally wants a commitment now. Is it common for the seller to accept proof of equity for 2/3 of the costs here, or how do I best avoid commitment interest?
Hi, we are also buying an apartment that will be ready for occupancy in 2022. We are already starting with the first installment next month. I can't imagine you can avoid that. Have them calculate the commitment interest.