Procedure for construction financing?

What approach is recommended?
How did you do it?

Currently, my plan for the approach to get the best possible offer is as follows:
- Appointment with a mortgage broker
- Appointment with a local bank, e.g. Dt. Bank, Raiffeisenbank, etc. (offer in the background from the mortgage broker)
- Appointment with own house bank (offers from the mortgage broker and competing bank)

It should not necessarily be the "cheapest" but the "best" offer obtained

Hello,

I would first go to the house bank. That should basically be your benchmark.

Before that, I would think about what you want or what your life plan is children yes no/ part-time etc, pp

Banks or intermediaries always check only the current situation and not what would happen if

The first step -- if not done already -- should be a financial inventory. Create for yourself an overview of assets, a statement of regular income and expenses. Get an overview of this, then go to the bank or the broker.

I would proceed as follows:

Determine the investment expenditure (purchase price, if applicable construction costs, taxes, notary fees, land registry costs, etc.)
Determine equity capital
Determine free funds from ongoing income
Think about family planning (e.g. due to desire for children and the associated loss of income)
Go to the house bank with these key data and inquire about conditions for possible financing
Then look for qualified financing brokerage (they exist, often ex-bankers)
Put all cards on the table there
Let the financing brokerage do their job, possibly pointing out that the house bank should also be involved
Decide based on at least 2-3 offers obtained by the financing brokerage

In this way, you can ensure that from the jungle of financing structures (loans, forward loans, building society financing, promotional loans, possibly mixed models), in which one can no longer find their way alongside their own daily business, the appropriate offer is hopefully filtered out at the best conditions (if the financing brokerage works properly).