Schwabe23
2022-01-12 07:50:58
- #1
Hello everyone,
the following situation:
We have now submitted a building application and have a cost calculation for it. However, we want to reduce the house by 1 meter again, which will save us another €60,000. [DS] will then be submitted later as a [Tektur].
Due to inflation, I am very nervous about the loan and would like to finalize it as soon as possible. Could I do this based on the current status and factor in the savings as security, or is that a problem for the bank since the house would then be worth less than stated? The loan-to-value ratio is 75% and €460,000 or then €400,000.
Replanning with our architect always takes forever and it will probably be another 6 weeks before I have all the documents.
the following situation:
We have now submitted a building application and have a cost calculation for it. However, we want to reduce the house by 1 meter again, which will save us another €60,000. [DS] will then be submitted later as a [Tektur].
Due to inflation, I am very nervous about the loan and would like to finalize it as soon as possible. Could I do this based on the current status and factor in the savings as security, or is that a problem for the bank since the house would then be worth less than stated? The loan-to-value ratio is 75% and €460,000 or then €400,000.
Replanning with our architect always takes forever and it will probably be another 6 weeks before I have all the documents.