Property already financed - is another bank possible for house construction?

Special termination, pay prepayment penalty, refinance anew.

Reason? ING will not agree to that! Why would they?

We have compared extensively and now know the advantages of ING... I just find the conditions great and the interest rate is very good!
For us it is 0.88% with a partial loan amount over 10 years of €220,000. Haven’t received a better rate from any other bank so far.

I would only agree to that if the financing remains with ING.

Make the special repayment for 2020 (3000 Euros) now and in January (another 3000) for 2021, so that the remaining debt would only be just under 44k?

That depends on the financing. If you only have to finance 60% of the MORTGAGE value including the land, that won’t be a problem. If it has to be heavily financed, I would, as a bank, refrain from that.

I would do it directly regardless of further steps, as it reduces the prepayment penalty. (Provided the bank lets you off.)

For what reason should I get the termination approved? We would get the financing for the house anyway.

That's the question, for what reason could it work?!

I had entered the exact data on the Interhyp site that would also apply to our financing at ING, sometimes it showed 0.5% at Degussa Bank.

That would be another possibility to ask about..

Did you buy the property together or just one of you?
Disposal is a reason that ING must accept. I forgot the paragraphs, but it can be quickly googled.
So maybe something can be arranged with that.

J

Well - of course the question is what is important to you in a financing.

My Interhyp advisor only mentioned Degussa (was the only better one - purely interest-wise): "We'll leave that out - you won't be happy with that."

I also think 0.5% is totally unrealistic, to be honest... Better get exact offers again and talk to your Interhyp advisor once more.
Without knowing the exact details of your financing: I think you are well off with ING both interest-wise and regarding the conditions (of course, provided you haven’t had any problems with your property financing so far).