Mortgage two separate houses on one property?

Hello,

on a property with an existing house, another house is to be built.
A loan is to be taken out for the renovation of the existing house, and there is also a loan for the construction of the second house.

Since the first house might possibly be sold at some point, it would be important to make a distinction between the two houses in the land register as well.

Is this only possible by "dividing" the property? (As I have heard, this would take time and also be quite costly, both in the case of a "real division" as well as in the so-called ideal division – since a division declaration would have to be drawn up here, with high costs for the notary.)

In addition, the different lenders will presumably all want to be in first rank in the land register, or one would have to make compromises with the financing.
Is there another way?

How can mortgage loans for the two houses be separated from each other in the land register?

Thank you in advance for any professional response,
- if possible, please include links to legal texts or the like!

Thank you in advance for any professional response,
- if possible please include links to legal texts or similar!

If you want professionals, then you should also be willing to pay them.
Here in the forum, anyone can reply as they please.

If you also want to read lay opinions, feel free to continue reading, otherwise just ignore.

If the property is going to be sold anyway at some point, it has to be divided anyway. So why not do it now. Then each lender can be in first rank.

Another option would be, for example, financing with the same bank (one land charge, but different loans) and splitting later.

Both houses can only be separated if they are physically divided.

Alternatively to the real division, the ideal division according to WEG with all its advantages and disadvantages. If the community property is to be kept as low as possible, this requires an elaborate set of rules in the division declaration (Tip: economic units).

It should also be clarified whether a second connection (electricity, gas, water and sewage pipes on the part of the network operators) is possible at all without real division. Otherwise, again WEG and connection to the existing property.

Hello hb-julia,

if a real division is planned due to a later sale, this should at least be taken into account in the current planning. Otherwise, it may happen that a division later on is associated with significantly higher costs or, in the worst case, is no longer possible.

Presumably, the division costs will be relativized if you compare the disadvantages of a division according to [WEG] with the possible additional costs of a later division.

More precise information can only be given once plans are known. Regarding the costs of a division in [NDS], I can gladly put you in touch with a professional colleague in [NDS]/[HB], so that at this point you already have a reliable figure.

Regards
Dirk Grafe