The banker doesn’t just make this up, these are simply the bank’s disbursement criteria. I think this procedure is required by your bank for refinancing.
Yes, probably, unfortunately this was not communicated that way during the first appointment; back then they only said we should prepare a statement. Regarding whether a civil engineer is sufficient, I would now have to schedule another appointment and take time off.
I handle this with a civil engineer; the costs for the statement are in the low three-digit range. You prepare the statement, stamp it, and that’s it; this is sufficient for most banks.
I didn’t specifically ask about that, he only said architect, and I have now contacted several, but none of them wanted to sign my statement without checking the circumstances first.
If they deny you the follow-up financing, you can terminate according to Building Code §490, but whether it is worth it given the prepayment penalties is another question and must be calculated very precisely. Possibly the revocation instructions of your loan agreements are also faulty and you can avoid the prepayment penalties by revoking the loan agreements even today. This would all need to be checked.
Does that apply in general? I mean, I can understand it for a new build because otherwise the house wouldn’t be finished, but we bought a used house and have already been living in it for 3 years.
You took out 290k and paid it down to 246k within 3 years. That’s why I don’t understand the caseworker either.
I would put some pressure on them and, if necessary, escalate one level up.
There’s not much pressure you can apply; we don’t even always have the same advisor, the Spa*da Bank’s structures aren’t set up that way. We already tried to have the last appointment with the same advisor, spent a long time online until I got that, but two days before the appointment it was changed to a different advisor.
