Yaso2.0
2020-12-01 14:58:35
- #1
Hello everyone,
I’m opening my own thread now so as not to “misuse” another one :)
The situation is as follows:
We bought a plot of land at the beginning of 2019 and wanted to finance it with a variable loan. After a serious family health diagnosis and deciding against building, we converted the variable loan into a fixed one. In hindsight, very stupid – we are aware of that..
Now the topic of building a house has come up again, and the lady at Interhyp said that no other bank would agree to financing since ING currently holds the first lien.
We bought the plot for 73,000 (incl. ancillary costs), of which 60k was financed. Current outstanding debt is 50k and a bit.
Question: is it really impossible for another bank to agree to financing if the plot only makes up a small part of the overall amount?
Could we make it more attractive for other banks if I now make the special repayment for 2020 (3,000 euros) and in January (another 3,000) for 2021, so that the outstanding debt would only be just under 44k?
Our loan with ING for the plot would continue separately, and the loan for the build would be taken out separately with ING, so that I continue to repay the plot at 10% and the house at 3%. The Interhyp advisor just said we should keep the high repayment rate on the plot since the interest rate there is higher.
For about 290k financing, ING offered us 0.89% for 10 years. When we compared online, there were definitely cheaper offers.
Do we really have no other options than to continue financing through ING?
Always happy for tips, tricks, and recommendations
Thanks :)
I’m opening my own thread now so as not to “misuse” another one :)
The situation is as follows:
We bought a plot of land at the beginning of 2019 and wanted to finance it with a variable loan. After a serious family health diagnosis and deciding against building, we converted the variable loan into a fixed one. In hindsight, very stupid – we are aware of that..
Now the topic of building a house has come up again, and the lady at Interhyp said that no other bank would agree to financing since ING currently holds the first lien.
We bought the plot for 73,000 (incl. ancillary costs), of which 60k was financed. Current outstanding debt is 50k and a bit.
Question: is it really impossible for another bank to agree to financing if the plot only makes up a small part of the overall amount?
Could we make it more attractive for other banks if I now make the special repayment for 2020 (3,000 euros) and in January (another 3,000) for 2021, so that the outstanding debt would only be just under 44k?
Our loan with ING for the plot would continue separately, and the loan for the build would be taken out separately with ING, so that I continue to repay the plot at 10% and the house at 3%. The Interhyp advisor just said we should keep the high repayment rate on the plot since the interest rate there is higher.
For about 290k financing, ING offered us 0.89% for 10 years. When we compared online, there were definitely cheaper offers.
Do we really have no other options than to continue financing through ING?
Always happy for tips, tricks, and recommendations
Thanks :)