Is financing possible with ING?

  • Erstellt am 2020-12-13 19:55:01

WilderSueden

2020-12-13 22:46:50
  • #1

Even if, contrary to expectations, the construction goes ahead by moving onto the site and tinkering for another 2 years... I don’t see a happy ending in the medium term. The repayment is significantly below the interest, so the loan will hardly be paid off. Let something come up. At the latest when a new heating system is due after 15 years or a new car. Or if it gets really bad, both at the same time. With the repayment, I even see problems with things like a new roof after 40-50 years.
 

ypg

2020-12-13 22:52:58
  • #2
165000 land
15000 ancillary purchase costs
280000 140sqm
25000 floors and walls (EL)
30000 construction ancillary costs
10000 upgrades e.g. sockets etc.
10000 chimney and 2 more extras (e.g. hot water tank)
15000 outdoor paving
15000 kitchen

565000 estimated
 

ypg

2020-12-13 22:53:59
  • #3

I thought the 1% financings no longer exist?
 

Janabalenciaga

2020-12-13 23:01:08
  • #4


Sorry, the daycare has even already been chosen and costs 80€ per month. And precisely because it’s a RU daycare! The "normal" German daycares in Berlin, as far as I have inquired, are free! Regarding baby gear, in my opinion, the forum shouldn’t worry at all—first of all, apart from the fact that strollers, baby items, furniture, car seat, etc. have long been purchased, there will certainly be no cutting back or underestimating the costs that children entail. As I said, we are aware of our saving potential; everything the money went on so far (vacation every month, even short trips; designer clothes, etc.)—for most here unnecessary and hardly imaginable expenses, which we have already been abstaining from for several months now and have come to the conclusion that we can live well without them. In my opinion, one should not dig so deep into their pockets, especially since this is already off-topic and has nothing to do with my question about the Ing-Diba bank. The bank also doesn’t know where the money flows to / has flowed so far. What’s important is that we have realized that it will be different once building the house begins. And this is our conscious and firm decision to give up unnecessary luxury in order to complete the house.

Regarding your statement about the developer – our friends built with the company and are very satisfied, they didn’t have to provide additional financing. I get what you mean, but I don’t understand how prices for contractually agreed services can be increased later if you have a fixed price guarantee? I understand very well that ancillary construction costs can become more expensive depending on soil conditions; or that the builders suddenly have extra wishes during the construction (a few more sockets or whatever) which then increased the costs, but the contractually agreed = where do additional costs arise for us afterward?
 

nordanney

2020-12-13 23:02:27
  • #5
It still does. Even with ING. But I wouldn’t know why a 110% loan with 1% repayment should be approved. I see the chance at 0. A 40-year term is the currently usual limit, so +/-2% repayment.
 

Tassimat

2020-12-13 23:04:48
  • #6
Long thread, short result: The loan will be rejected with 100% certainty.
 

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