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I do not deny that the jump exists - but he predicts it. Either he KNOWS it exactly or he only suspects it - normally banks do not know that a week in advance. Usually there are fixed days when terms are changed - plus of course "so" sometimes.

Yes, but professional experience and [Vitamin B] within the company also provide a certain informational advantage.

When I was still working in sales, I always found out immediately after the credit committee meeting, thanks to good contacts, what would be adjusted in 3 - 4 days.

In this respect, it is indeed possible that the colleague knew exactly what he was talking about.

However, if he made the statement to achieve a quick deal, that would be more than reprehensible...

Regards,

Dirk

What does purchase/construction of a condominium mean? Is it now concrete and is a new apartment being purchased from the developer?

I (presumably) will soon be the landowner. My father and his business partner are building a project together where I am buying/building an apartment. The arrangement is not entirely clear yet. But it is certain that the project will come to fruition. Here is a bit about the project

However, if he did make the statement just to achieve a quick deal, that would be more than reprehensible...

Well, can that somehow be proven? According to interest rate development sites, there does seem to be an increase.

Should I sign already now? The building application will be submitted shortly and the approval will easily take 4 months. So there is still quite a bit of time.

Since I have you financial experts here right now... To save a big chunk of real estate transfer tax, I plan to acquire a partial ownership in the property. Thus, the two builders (father and Jakob) and I would be registered as owners in the land register.

How does financing work if I am not building the whole property, but practically only my condominium?

The financing plan was that the purchase price of the apartment would be available to the builders as equity from the bank’s perspective. But if I am no longer a pure buyer of the apartment, but practically co-building it, since I don’t want to pay real estate transfer tax again for the purchase. How does the bank secure my loan?

The savings bank advisor already hinted that in that case the equity of the builders would practically disappear – which theoretically only makes a difference.

Do you have an optimal arrangement in mind?

Well, as already written, no one can guarantee where interest rates will be in 4 weeks, 4 months, or 4 years...

Personally, I currently see no reason to expect strong interest rate changes in the short term - but that is my personal opinion, which is not based on a detailed analysis of the interest rate markets.

What you should definitely also include in your considerations is the period that your bank is willing to waive commitment interest.

If this period is long enough to complete the entire construction project within it, it can be a good idea to secure the favorable interest rates today.

If the construction project cannot be completed within this period, you will incur costs from the commitment interest, which are likely to be significantly higher (about 3%) than your "normal" loan interest rates.

Well, can this somehow be pinned down?
According to interest rate development sites, there does seem to be an increase.

Just ask him on what basis his statement about the interest rate increase is made.

I have removed the link [baufi24.de/tagesaktuelle-hypothekenzinsen/]; please observe the forum rules.

Yes, if it were allowed, I would have posted exactly this link.

Hello,

We are also watching the interest rates and were not very pleased that there is now an upward trend. I consider this counterproductive on the part of the banks, as currently many people are coming to terms with the idea of wanting to build in the next one to two years. Like some others, we also find this discouraging and have put things on ice again. Certainly, this can only be a snapshot, due to the already existing summer lull and in autumn it could look very different again (cheaper).

If I were in the banks' position, I wouldn’t turn the screw so much... It will backfire.

Regards