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

The banks do not take the value I pay for the house as the basis for the loan value. Some flat rates are deducted, right?

Correct. The loan value is between 10 and 15% below the costs/purchase price (including land).

Did you buy the land together or only one of you? Sale is a reason that ING has to accept.

Too bad that it is supposed to be built and not sold ;)

[Bought together, otherwise I would have sold it to my husband :D

My sister is with Degussa and totally satisfied.

Honestly, what annoyed me a bit about ING is that they don't link the property financing with the house construction, but both have to run separately.

Honestly, I haven't had any other stress with them so far..

As I said, it always depends on what is important to you in financing... The interest rate alone is, in my opinion, not decisive – unless you are not planning to have children and plan a relatively stable standard of living.

With a bit of googling, I found out that Degussa only offers 9 months of interest-free provision period. The interest rate is said to be very high as well.
As far as I know, you can't flexibly adjust the repayment rate – I even think not at all?
Prepayment yes/no would also be a topic.

As I said... Not everything focuses on the interest rate – but ultimately it’s an individual decision. And I have to say that the price/performance ratio for US at the Ing-Diba fits more than just perfectly!]

Parents sell and buy back later? It all costs money, but better than having to wait for years? At ING you can change the repayment rate online, right? How high can you set it? Maybe you can still achieve something with that and shorten the repayment period.

As I said, it always depends on what is important to you in financing... In my opinion, the interest rate alone is not decisive - unless you don’t plan to have children and plan a relatively consistent standard of living.

With some googling, I found out that Degussa only offers 9 months of interest-free availability period. The interest rate is said to be very high as well. As far as I know, the repayment rate cannot be adjusted flexibly - I even think not at all? Prepayment yes/no would also be a topic.

As I said... Not everything focuses on the interest rate - but ultimately it’s an individual decision. And here I have to say the price/performance ratio for US at Ing-Diba fits more than just well!

I admit, I hadn’t informed myself that far yet. For me, it was more whether I simply accept what I’m told or if I ask again.

User Ybias has a similar/same situation and I think I read that he was also offered other banks. That’s why my intention was to ask.

No, the

parents selling and later buying back? It all costs money, but before you have to wait years? At ING you can change the repayment rate online, right? How high can you set it? Maybe you can still achieve something with that and shorten the repayment period.

That doesn’t work with parents ;)

We are already repaying 10% for the property, no more is possible.

The lending value is between 10 and 15% below the costs/purchase price (including land).

If they deduct that much, I am well above 60% loan-to-value. Without the deductions, we are just under 80%.

I admit, I hadn’t informed myself that far yet. For me, it was more a question of whether I just accept what I’m told or if I ask again.

User Ybias has a similar/the same situation, and I think I read that he was offered other banks as well. That’s why I intended to ask.

Well then, off to the advisor to get updated again. You’ll see that you most likely haven’t made a mistake with ING. The price-performance ratio is really great. If you don’t need advice directly from the bank, are happy with an online bank, don’t need branches locally, and are currently satisfied – I think there shouldn’t be much standing in the way of financing with ING now... Especially since you hardly have any option to step away from it :p

If I were you, I’d just talk to your Interhyp advisor again and see what the market offers and how you currently stand with an ING loan. You’ll notice there’s not much better :) If anyone can offer a better P/L ratio at all :)

That’s all I can say about it... We’re not done yet either, but have already had several local meetings with: Deutscher Bank, Volksbank, Sparkasse, Postbank, Commerzbank. Also meetings with Dr. Klein and Interhyp. Ultimately, we settled on ING. So as I said, we researched a lot and compared a lot. PURELY in terms of conditions, you’ll be very well off with ING!