Process schedule at Commerzbank for construction financing

Construction financing at the Commerzbank totally hassle-free!

Construction financing at Commerzbank totally uncomplicated!

Great, thanks, that gives hope!

We received our final documents from Commerzbank this week.
For us, it was really straightforward since it is also our house bank. We still came to the first meeting with almost all the documents, so the process could be extremely shortened.
In the end, there were only 3 appointments, the rest was handled via email/phone.
1st appointment: Present the concern
2nd appointment: Listen to the offer
3rd appointment: Go through everything together once more and finalize

How is it when you are still on parental leave?
If construction starts, I would go back to work full-time and the parental year would be over. The bank will surely need proof of this or from the employer? Is it an advantage with the bank if you are a civil servant?

sounds very uncomplicated.

we have a sum of approx. €450,000
land not yet included.
about €30,000 as inheritance.
equity approx. 10% of the loan amount.

Does Commerzbank also provide a little more loan, house + additional costs for kitchen, bathroom? €15-20k on top of the house?

We received our final documents from Commerzbank this week.
For us it was totally uncomplicated, as it is also our house bank. Nevertheless, we already had almost all documents at the first meeting, so the process could be extremely shortened.
In the end, it was only 3 appointments, the rest ran via email/phone.
1st appointment: present concerns
2nd appointment: listen to the offer
3rd appointment: go through everything again together and finalize

Hello,
I recently also decided on a loan from Commerzbank because, according to the financing advisor from Check24, Commerzbank was the best option at that time. However, Commerzbank proves to be a bureaucracy machine in processing, where you also cannot rely on the statements of the disbursement staff. In short, the Commerzbank employee advised us not to proceed to the notary for the land charge registration until one matter was clarified. Now the purchase price notification has come from the notary, and this same employee says: "What, you should have made the land charge registration immediately." Her previous statement was a misunderstanding; we talked past each other.

The thing about "taking more credit" would interest me too.. Let's assume the turnkey offer is €380k, the bank is presented with the offer. Can you then finance construction costs of, for example, €400k to have a buffer? Or does the buffer only work by "contributing less equity" - but what do 100% financiers do then?

The "taking more credit" thing would also interest me.. Let's assume the turnkey offer is 380k€, the bank is presented with the offer. Can you then finance, for example, 400k€ as construction costs to have a buffer? Or does the buffer only work by "contributing less equity" - but what do the 100% financers do then?

I don't know how it works with Commerzbank, but at ING we had to provide a corresponding offer for everything that exceeds the turnkey offer of the general contractor, and this was also calculated down to the cent.

So for the buffer we would have had to withhold some equity.

Good that we had enough buffer available, because much of what was previously obtained as an offer for financing was no longer valid a few months later or was significantly more extensive than originally planned.