Der Da
2012-07-18 13:31:41
- #1
The first question is easy to answer. You get a lot of bills with a land register entry. First, there is a bill from the notary who orders it, then one from the land registry office for the reservation, then one for the entry. For the later deletion of the entry, you also have to pay again. That is exactly why it is cheaper to finance directly. In addition, with a land register entry, the bank has various rights, up to the forced auction, which you don’t want with such small amounts.
Whether you get a loan depends on the bank and how they assess you. I know banks that give everyone a loan, even with negative credit reports, demanding a high 14% interest rate... In the past, this was immoral, today it is normal. Then there are banks that reject loans because a partner has a fixed-term contract in the public sector. These contracts are always fixed-term, but some banks don’t care. The bank makes a risk assessment, will calculate the interest based on the risk, and may require additional demands, such as guarantors. If even that does not satisfy the bank, you will not get a loan. Is only you signing? Or also your girlfriend/wife? That can influence the whole thing. Banks want only one thing: their money back with profit. The risk assessment is individual...
Whether you get a loan depends on the bank and how they assess you. I know banks that give everyone a loan, even with negative credit reports, demanding a high 14% interest rate... In the past, this was immoral, today it is normal. Then there are banks that reject loans because a partner has a fixed-term contract in the public sector. These contracts are always fixed-term, but some banks don’t care. The bank makes a risk assessment, will calculate the interest based on the risk, and may require additional demands, such as guarantors. If even that does not satisfy the bank, you will not get a loan. Is only you signing? Or also your girlfriend/wife? That can influence the whole thing. Banks want only one thing: their money back with profit. The risk assessment is individual...