New regulations from 21.3.16 for loan issuance

I know the procedure from my time in private mortgage financing. We have also terminated forward loans when the creditworthiness of the borrowers significantly deteriorated and we came to the conclusion that continuing the credit relationship (through the forward loan) was no longer possible. In case of a deterioration in creditworthiness and/or collateral, the bank ALWAYS has options for action; this is already stated in the terms and conditions. So if you both become unemployed, the bank will shut off the tap and will almost certainly refuse to disburse the forward loan.

oh dear

I count us among the average earners, at least our income level is usually considered not particularly favorable for house construction here. We signed our loan last Monday after being in talks with the bank for a total of half a year.

We were told that contract preparation is currently taking longer because the IT adjustments have not gone very well, and that the approval process is becoming more restrictive, requiring more disclosures and more complex preliminary calculations as described in the article.

But although we reported higher capital needs at each appointment, the conditions have improved every time, even after the new law came into effect.

So we did not feel any impact from it and are very satisfied with our conclusion.

So we did not feel any impact from it and are very satisfied with our completion.

Similar with us... the first talks in October 2015. Seriously then from the beginning of April and last week we submitted our financing to the house bank. We are now still waiting for the final review and contracts.
The changes from March 21 were known to us and were also discussed by phone. We then went through the questions together on the phone. Our original financing was also increased again.

We signed yesterday and were surprised by the amount of paper. We received a whole A4 folder full of documents. No idea if it was the same before, my brother just said that he had 5 pages.

The first mortgage loan was also a complete folder. But with still plenty of space for house documents. There were three loan components. The forward loan combined all three loans and still provided a folder about a centimeter thick.

That the first order the next 3 follow