abertram
2015-05-22 10:24:55
- #1
Hello everyone,
we have a problem with part of the financing.
Short version:
The Investitionsbank Schleswig-Holstein has a clause on one of the forms that does not suit our developer. Our developer has deleted this clause and signed the form because the rest is fine. Our developer has always done it this way and there have been no problems until now. However, the IB now refuses to accept the form as it is. Neither party wants to change their position.
Long and detailed version:
We are building a KFW 55 house and want to finance part of our needs through the Investitionsbank Schleswig-Holstein. It should be the program 153 "Energy-efficient Building."
The developer has to fill out a lot of papers and provide them to KfW. One of the forms is titled "Declaration of the Authorized Building Submitter/Designer." There is a spot saying "I commit to IB.SH to be liable for the accuracy of this certificate." This clause does not suit my developer. The clause ensures that in the worst case, my developer is personally liable and not the company. He deleted it and signed. He has always done it this way and until now it was not a problem. The IB now refuses to accept the form as such and my developer does not accept this clause. We have already ordered a land charge on the property and an invoice from the district court is also already there. So money has already flowed. Just switching banks is not acceptable for us.
I’m not quite sure what we should do now... We can wait a bit to see if one of the two yields, since the building application has not yet been approved.
Regards,
Alex
we have a problem with part of the financing.
Short version:
The Investitionsbank Schleswig-Holstein has a clause on one of the forms that does not suit our developer. Our developer has deleted this clause and signed the form because the rest is fine. Our developer has always done it this way and there have been no problems until now. However, the IB now refuses to accept the form as it is. Neither party wants to change their position.
Long and detailed version:
We are building a KFW 55 house and want to finance part of our needs through the Investitionsbank Schleswig-Holstein. It should be the program 153 "Energy-efficient Building."
The developer has to fill out a lot of papers and provide them to KfW. One of the forms is titled "Declaration of the Authorized Building Submitter/Designer." There is a spot saying "I commit to IB.SH to be liable for the accuracy of this certificate." This clause does not suit my developer. The clause ensures that in the worst case, my developer is personally liable and not the company. He deleted it and signed. He has always done it this way and until now it was not a problem. The IB now refuses to accept the form as such and my developer does not accept this clause. We have already ordered a land charge on the property and an invoice from the district court is also already there. So money has already flowed. Just switching banks is not acceptable for us.
I’m not quite sure what we should do now... We can wait a bit to see if one of the two yields, since the building application has not yet been approved.
Regards,
Alex