Is it feasible to buy a second house with a mortgage on the first house?

And we must not forget that the gentlemen, thank God, are still very healthy and fit.

What is supposed to be good about that from a landlord's point of view? The lifelong right of residence still obliges you to renovation and modernization. A defective heating system is enough for you to become insolvent.

Next scenario, both become care cases, do you really think that the house they sold you at half the market value will not be taken as a calculation basis?

The tax office looks at it exactly the same way.

What is supposed to be good about that from a landlord’s point of view? The lifelong right of residence still obliges you to renovation and modernization. A heating defect alone is enough for you to become insolvent. Next scenario, both become care cases, do you really believe that the house they sold you for half the market value will not be taken as a calculation basis. The tax office looks at it the same way.

Well, despite renting, they are primarily relatives. That’s how I see it. And of course, it goes without saying that you maintain your own property. Therefore, I also agree with you regarding insolvency in the case of a major modernization. However, the house is in top condition. If a pipe or something similar is unexpectedly damaged, then you naturally have to take care of it. Insurance is of course also available. As for the scenario of care cases, you may be right there. But then that’s how it is and must be taken into account accordingly. By the way, we are not talking about a couple living at the poverty line. But thank you all very much for the most diverse perspectives. That is what I had hoped for. Now we have to sit down, think about it, and discuss a plan. We have an appointment at our house bank the week after next. Let’s wait and see what we decide. Have a nice weekend everyone

Believe me, when the heating breaks down or something else, then they are tenants, no longer relatives.
You want to have the house, but it’s not that simple.
It was already said, if the house has a market value of 450,000 EUR, then you can’t just say come on we’ll give it to you for 250,000.
Then taxes apply.

I don’t want to get too involved, but if you both were sick for a long time, just now returning to work and hoping(!?) to be able to work full-time again in 2 or 3 years. Then you want to add the triple burden with a second house now?

I’d leave it, but hopefully no bank will finance it for you anyway.

Believe me, when the heating breaks down or something else happens, then they are tenants, not relatives anymore.
You want to have the house, but it’s not that easy.
It has already been said, if the house has a market value of 450,000 EUR, you can’t just say, “come on, we’ll give it to you for 250,000.”
Then taxes apply.

I don’t want to interfere too much, but if you both were sick for a long time, are only just now re-entering working life, and hope to be able to work full-time again in 2 or 3 years, do you really want to saddle yourselves with the triple burden of a second house now?

I would leave it, but hopefully no bank will finance it for you anyway.

What you say may be true.

But we were not both sick. Only I was. We have arranged ourselves so that we can live a modest life long-term without either of us having to work full-time.
In this plan, buying another property was not intended.

Now, however, the mentioned offer from relatives.

I have very gladly listened to your advice. That’s why I asked the question.

The fact is, we will definitely NOT naïvely get ourselves into trouble.
We have appointments at the bank, a lawyer, and a notary next week and the week after.
There the cards will be laid on the table and then we will see what happens.

In principle, we do NOT “need” the additional house. Only, the thought that my daughter can later go her own way without financial pressure is a great motivation.
My wife is enthusiastic and has announced her willingness for any options.

I am indeed already considering putting my “reserve” into play if it gives the decisive push to realize a solid and relaxed financing for us.

That is the motto. It must be relaxed!

It has to be relaxed!

What you’re planning there is everything but relaxed...

What you are planning there is anything but relaxed...

I definitely have your well-meant warnings in mind. Thanks for that.