Knowing the credit limit one year in advance – is that possible?

It concerns a MARKET value of estimated 350k - 400k, income 5,800k/month and rising, no children present or possible in the future.

With the rule of thumb net salary * 100 (up to 110) you can easily afford it for now. Do you want to move in yourself? Does it still need to be renovated?

Would you like to move in yourself? Does it still need to be renovated?

Yes, move in myself. Renovate: new bathroom, new kitchen, fresh painting.

A range of 40k is actually not that bad. How often have there been offers on Immo... that were then reduced by 50-100k because they were overestimated. Likewise the other way around, where there is then a bidding process. So, THAT price does not really exist. Maybe your parents could sell the house on the market for 380k and the bank would still only finance you 300k as 100% financing. I think the talks with the bank will bring the most at first.

? It is a purchase within the family, so the 6.5% real estate transfer tax on the purchase price does not apply. Notary and land registry still have to be paid, there is no broker. In the end, the ancillary purchase costs are reduced by purchase price*0.065, which is certainly >20k. [/QUO

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I will try to make it clearer. With normal additional costs (broker, tax, notary, land registry) it would now be about a 115% financing. Since the tax and broker are omitted for you, it would now be about a 105% financing and in one year a 100% financing because by then you will have saved something. Under the given conditions, I would not do it. [QU

I will try to make it clearer. With normal additional costs (broker, taxes, notary, land register), it would now be approximately a 115% financing. Since broker and taxes are not applicable for you, it would now be approximately a 105% financing and in one year a 100% financing because you will have saved something by then. Given the conditions, I wouldn't do it.

Oh, I see. No, we actually want to finance 100% if possible, since our income won't be overstretched by the installment (unless, surprisingly, the house is worth over 500k) and we want equity for the other incidental purchase costs and especially renovation. If the interest jump from 100% to 90% is very significant, we might reconsider it, but then we would really have to scrape together equity – which we actually don't want to. I have roughly calculated it myself very roughly with 400k for us. Next week I have two bank appointments for advice, then I will see more clearly. I will report here.

Update:

Sparkasse and Interhyp are both very relaxed about financing us. Three payslips from the new job are required, from then on it works. Probation period and fixed-term contracts don’t matter.

The terraced house was independently estimated by both financing advisors at a market value (not the official value) of 400k. We requested a loan for 380k. 100% financing for just under 2% effective over 15 years with 2.5% repayment.
Interhyp had offered to include 20k for renovation upon submission of invoices in this amount, which would then be added to the house value.
Then we would have a 95% financing for 1.7% effective over 15 years.

All of this would be easily manageable for us and exactly the kind of burden we want: plenty of breathing room alongside.

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Now another question arises.

My parents would like to transfer their new property to us at some point against usufruct rights.

Now I have been considering that such a transfer at the notary would incur new fees – and from that concluded that actually ALREADY in the course of the house purchase we should take my parents’ property as ownership against usufruct rights. That should save notary fees at least once.

Or am I seeing this wrong? It was just a thought experiment so far.