Own home: interest rate development / interest rate / interest rate increase / conditions

yes, great thing at the moment. We are the ones getting the short end of the stick. Unfortunately, the purchase of the land is dragging on, which is why we have not been able to sufficiently advance the final planning for the house. Therefore, the question arises for us:

1. Bridge financing of the land and only in 6-9 months with a detailed cost plan the house.
2. Secure a total amount now at current interest rates with the risk of having too much or too little and refinancing or not drawing down everything.

Of course, the question of where interest rates are headed plays an important role. What happens if the Greeks go bankrupt?

We can all only speculate. We personally are not ready yet... I would say we are near the summer slump, then interest rates tend to go up. I can imagine that at the turn of the year interest rates will go down again, as the banks have their annual financial statement in their pocket. In the new year towards spring (when most people start financing) the banks will reposition themselves, as competition among them resumes. As I said, just speculation, we will most likely not finance anything this year. Those who don't have to should observe the market. I doubt that the low interest rate phase is over. The ECB's strategy is unchanged. I claim Greece will have almost no influence on this. Regards

So I can see these seasonal interest fluctuations in the charts. But then it wouldn’t be wrong to temporarily finance the property for 1 year now and only finalize the entire amount in spring 2016.

Yes, if you finance your property, a bank is listed in the land register. If then the main financing for the house comes in second place... I don't know if the banks will accept that. But the bankers here can definitely say something about it.

Regards

No, of course that is not possible, i.e. the property must either be paid for after one year or redeemed by a total loan that covers the remaining costs of the property and house.

In second place, all banks are reluctant, especially since that always means an interest surcharge. That does not mean that you won't find a bank later. But better not.

If you are satisfied today with a bank and its offer for the land, why not also finance the house there later under the conditions valid at that time?