MatzeDunien
2021-03-09 08:29:15
- #1
Hello dear fellow campaigners,
I hope this is the right subforum, otherwise I kindly ask a moderator to move it:
The following situation: I own (some say they own me...) two houses, each standing on its own parcel of land.
They are financed, not paid off, and the bank is registered in the land register.
I plan to demolish the utility buildings in the second row and build a new house there. In the site plan, the new building is outlined in red.
I was also at the building authority at the beginning of 2020 and presented them my project.
Result: According to building law (Lower Saxony, Building Use Ordinance of 1962), building over two parcels is not allowed, so they must be merged.
A condominium association with two units corresponding to the houses will then be established, I remain sole owner.
Question 1: The land charge will be correspondingly transferred to two units. Correct?
Question 2: Would the “new” bank, which takes over the financing of the newly to be built third house (another condominium unit), have first rank or does it have a disadvantage because the other two condominium units are “encumbered”?
Thank you very much for your help, as soon as things become a bit more concrete, or the preliminary building approval is done, there will be a separate thread.
Best regards
Mathias

I hope this is the right subforum, otherwise I kindly ask a moderator to move it:
The following situation: I own (some say they own me...) two houses, each standing on its own parcel of land.
They are financed, not paid off, and the bank is registered in the land register.
I plan to demolish the utility buildings in the second row and build a new house there. In the site plan, the new building is outlined in red.
I was also at the building authority at the beginning of 2020 and presented them my project.
Result: According to building law (Lower Saxony, Building Use Ordinance of 1962), building over two parcels is not allowed, so they must be merged.
A condominium association with two units corresponding to the houses will then be established, I remain sole owner.
Question 1: The land charge will be correspondingly transferred to two units. Correct?
Question 2: Would the “new” bank, which takes over the financing of the newly to be built third house (another condominium unit), have first rank or does it have a disadvantage because the other two condominium units are “encumbered”?
Thank you very much for your help, as soon as things become a bit more concrete, or the preliminary building approval is done, there will be a separate thread.
Best regards
Mathias