Loan-to-value ratio and property purchase in cash?

Yes, the bank knows that. We bought a piece of land from the family at the standard land value; in fact (and also assessed by the bank) it is worth twice as much.

Yes, the bank knows that. We bought a plot of land from the family at the standard land value, but in fact (and also as set by the bank) it is worth twice as much.

It all depends on the bank. It can be: a) that the standard land value is taken as the property value b) the "market value" is taken as the property value c) the payment amount is taken as the property value

Therefore, you always have to compare. In our case, it would mean: payment amount: €58,000 vs. market value: €200,000

Bodenrichtwert ist leider kaum als Grundlage zu benutzen...

But it is the standard for routine construction projects. The bank calculates with it because it is stored in the bank’s systems.

I can confirm. Due to the - unrealistic but nevertheless defined - standard land value, I had huge troubles with various banks back then. I cannot imagine that this has changed since 2013.

As mentioned, the bank has valued the land significantly higher than it is according to the [Bodenrichtwert].

Local bank on site? They might still be the most likely to assess that realistically.