New regulations from 21.3.16 for loan issuance

Does that also mean that a follow-up financing of an already existing mortgage loan can be refused? Or does that only apply to new financing? I'm a bit worried right now because about a year ago I inquired about a forward loan (with the financing house bank and an intermediary) and only received silence. Now I want to try again and read that the checks are getting stricter... I can understand that new buyers should be protected from ruin, but is it possible that existing loans are simply no longer extended and one is then driven into foreclosure even though they have always paid and even made special repayments?

It applies as soon as a new contract has to be concluded. The rules are therefore indeed becoming stricter.

It even goes so far that banks have to check whether the financing can last until retirement age and must then consider the pension as income.

Similarly, an installment surcharge must be taken into account if the fixed interest period expires before the loan is repaid. But this only applies to new business (or for [Forwards]).

If it is a simple interest extension, I currently do not see a risk. However, I am no longer the specialist.

It even goes so far that banks have to check whether the financing can last until retirement age and must then consider the pension as income.

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Hello everyone,

when I read this and think about it as a layperson, the Riester home savings package would contradict itself. Personally, I’m not a fan of Riester in company pension schemes anyway, but in retirement age there is even less "housing promotion account" left with a Riester.

Just as an objection that came to mind immediately. Or am I thinking something wrong here?

Regards, Andi

It applies as soon as a new contract has to be concluded. So the rules are indeed becoming stricter.

It even goes so far that banks have to check whether the financing can last until retirement age and must then consider the pension as income.

Likewise, a rate surcharge must be taken into account if the fixed interest period expires before the loan is repaid. But this only applies to new business (or with forwards).

If it is a simple interest extension, I currently do not see any risk. But I am no longer the specialist.

hello,

I have now received the KV for our forward loan. Everything was submitted and checked before the guidelines. What is strange is that before disbursement in 2019, the last 3 payslips are to be submitted again. Do you know the reason? Does it have something to do with the guidelines? I can also ask the broker.

That means, no contract has been signed yet? Then the new rules definitely apply. I cannot say for sure if it is actually related to that, BUT it seems to me so if the submitted certificates are already a few days old.

So, no contract has been signed yet? Then the new rules definitely apply.

Whether this is actually related, I cannot judge, BUT it seems to me so if the submitted certificates are already a few days old.

today it is going in the mail, signed only one-sided by the bank, acceptance period still runs for another week. The broker said this is customary at the bank. Risk reassessment for the full disbursement of the loan (which is still 3 years away for us)