LBS Riester Home Direct 10 Questions

2018-04-11 13:29:20

However, the LBS requires a premium of 2%. With that and the fees, we are effectively at 2.52%

Loan fees are not permitted - even with home savings contracts.

What is permitted is a closing fee. However, this does not directly have anything to do with the home savings loan.

2018-04-11 13:54:59

Right, that’s why the BSKs invent things like account management fees and the like.

But for me, an agio of 2% is really no different. (only that you don’t have to include it in the nominal interest rate.

According to the Price Indication Regulation, the contract fee for the building savings contract is also:

(8) For building savings loans, it is assumed in the calculation of the percentage rate to be stated that at the time of loan disbursement the contractual minimum savings balance has been accumulated. In case of doubt, only the portion of the contract fee attributable to the loan portion of the building savings contract sum is to be considered. For loans serving as advance or interim financing of services of a building society from building savings contracts, whose price-determining factors are unchangeable until allocation, the term is to be based on the allocation periods resulting from the target evaluation number for building savings contracts of the same type.

2018-04-11 16:34:34

I’m saying, loan fees are not permissible. And an Agio (or Disagio, depending on the calculation direction) in my opinion constitutes a loan fee, which I would oppose. I am surprised that LBS still seems to do this today, most building societies have moved away from it for good reason (if they ever had it at all).

2018-04-11 18:23:59

I cancelled the Riester Zuhause contract today and switched back to the old one. No more money is flowing in; he says if I take out a Bausparvertrag, I can transfer the money still in the Riester contract, or however it's called.

In any case, I do not want to pay additional taxes during retirement even if I could save money that way.

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LBS Riester Home Direct 10 Questions

andreashm

Caspar2020

andreashm

cobra1982