Pay for the property completely by yourself?

  • Erstellt am 2019-03-09 08:45:27

Tassimat

2019-03-10 14:03:06
  • #1
Taking money from parents always sounds great, but consider the repayment terms. This loan also needs to be repaid, probably with more than 2% interest and faster than over a 30-year term. What happens if the parents suddenly need the money themselves? After all, it is not a gift. Make a proper loan agreement with a repayment schedule, which will then be binding for both parties.
 

Jana33

2019-03-12 19:34:15
  • #2

yes, it is much better this way because then you are not dependent on the bank that financed your land
 

DASI90

2019-03-18 14:54:13
  • #3
One question about that. Later on, the fees for the land register entry will be incurred again when the bank registers a mortgage, right?
 

Fuchur

2019-03-18 15:35:36
  • #4
It happens anyway, right? Even just once instead of twice.
 

DASI90

2019-03-18 15:44:50
  • #5


Yes, that was the question. We are facing a similar situation as the original poster. It is clear to me that the fee applies. I was just wondering if additional land registry costs of 0.5% of the purchase price arise if you buy the property without a bank but then need financing for the construction and the bank is then registered in the land registry at a later date?
 

Fuchur

2019-03-18 15:48:49
  • #6
The fees for the land charge are based on the amount of the land charge, not the value of the property. At best, the notary is a little cheaper if you take care of everything at once, but I can't say that with certainty now; there are definitely different fee cases side by side.

When buying, however, you usually do not yet know the exact amount of the necessary land charge. Therefore, you will have to make adjustments or rewrite or... later as well.
 

Similar topics
31.05.2012Financing of the property: Does the entire financing need to be secured?11
06.08.2016Purchase of a property with a land charge13
25.08.2014Buy land now and build in 2 years13
06.01.2015First buy the plot, then calmly plan and build...?11
08.01.2015How is the amount of the land charge determined in the case of a new construction?14
21.01.2015Financing with an additional mortgage on the parents' house12
16.02.2015Property purchased - Is financing/loan for house possible?13
17.03.2015Land with construction obligation = + 20% market value!14
18.08.2015Land charge problem with partial areas for financing11
16.11.2015Land charge / mortgage - What financing risk exists?18
17.06.2016Change of mortgage or23
05.01.2017Notary costs too high? Notary fees, mortgage, property costs12
30.08.2017Land charge - Separate financing for land and house12
05.10.2018Buy land first, then build - experiences / tips?26
24.01.2019Buy land - keep the house.. how to proceed best?45
11.10.2020Financing land and house? Taking out a mortgage? Construction costs?151
20.01.2020Transfer of old, non-assignable mortgage charge12
05.03.20201% repayment. Which banks? Requirements? Free land charge34
23.03.2021EFA with approx. 120 m² on approx. 450 m² plot20
26.03.2022Construction on someone else's property with subsequent purchase55

Oben