As I said, our financial advisor said the payout is NOT tied to the rental contract. In other words, we would just have to submit the rental contract sometime after moving in. Since I read it differently in the contract, we will definitely speak directly with the person handling it at the bank again tomorrow; they should know more precisely what is meant.
If the payout is tied to the rental contract, then the matter is settled anyway. How are we supposed to already have a tenant before we have bought the house... (Of course, if someone was already living there, that problem wouldn’t exist). Especially since the rental apartment still needs to be renovated. Given the current overload of craftsmen and Corona, that can easily take even longer than it already does.
If it’s the other way around, meaning the rental contract must be submitted after the payout, then the problem is obviously not off the table either. But it would be nice if they could answer how the bank would actually proceed with us if we couldn’t submit a rental contract after, say, half a year or a year.
It could honestly be the case that it just doesn’t work out. The house, as I said, is somewhat outside in the countryside; tenants don’t exactly line up there. In the house we currently rent, we have always sublet, and sometimes it has taken half a year to find a new tenant. If we still reliably pay our installments, would they then still cancel the mortgage loan just because of the missing rental contract?
Hello
you are also relying on a commission-hungry broker who only wants the commission.
At the end of the day, YOU signed the contract and NOT the broker. They will always say "well, the clause was known." You can’t deny that it wasn’t known ^^
Yes, I’m also from the industry and I don’t think it’s wise to arrange a tight financing so that it can't work under normal conditions. Your capital service = income apparently does not match the financing. Apparently, this is only possible with the "fictitious" rent.
So you run the risk that eventually the nasty bank officer will pull the file and demand the rental contract & income. Outcome open