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

2020-12-01 16:37:38

If they deduct so much, I am clearly above 60% loan-to-value. Without the deductions, we're just under 80%

They do (have to) do that. Then there won't be any top conditions. ING fits quite well for that.

2020-12-01 19:15:34

Well then, off to the advisor and get updated again. You will see that you most likely did nothing wrong with ING.

I will contact the lady from Interhyp again and ask what the current status is.

I will ask my main bank; if they also immediately refuse, I will save myself the conversations/time and not contact anyone else.

2020-12-02 00:53:33

Well then, off to the advisor to get updated again. You’ll see that you most likely didn’t do anything wrong 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 local branches, 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 way to back out anyway :p

If I were you, I would 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 that there won’t be 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 we’ve had several local meetings at: Deutsche Bank, Volksbank, Sparkasse, Postbank, Commerzbank. Also talks at Dr. Klein and Interhyp. In the end, we settled on ING. So as I said, we informed ourselves a lot and compared a lot. PURELY in terms of conditions, you’ll do very, very well with ING!

That generally can’t be said and unfortunately I can’t confirm it at all.

Our offer from ING was at 0.85% without any room for negotiation, the local Sparkasse did it after negotiation for 0.58%.
I also shared my experience here:

Dr. Klein and Interhyp couldn’t make us a better offer than ING. So always keep your eyes open, compare, and also negotiate with the banks sometimes.

2020-12-02 01:34:55

For a financing of about 290k, ING offered us 0.89% for 10 years. When we compared online, there were definitely cheaper offers.

Online is not what the bank ultimately offers. I would only compare with facts – it's the same with financing as with house offers: bait offers over the internet. And especially with financing, personal meetings and checks either leave room for negotiation or involve other factors that can quickly make an online offer uneconomical.

2020-12-02 03:48:15

Hi,
we have now financed our construction (we have owned the land for a while) with ING.
0.6% interest, it wouldn't have been much cheaper elsewhere either.
We also financed our other house (rented out) with ING back then and were always very satisfied.
The interest rates were somehow around 8% back then.
That's why with the current interest rates it actually doesn't matter whether the rate is 0.6%, 0.7% or so.
Anything under 1% is practically a gift...
Cheers Olli

2020-12-02 05:28:12

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

My sister is at Degussa and totally satisfied.

With ING, to be honest, I was just a bit annoyed 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..

That is objective, you are looking for a flaw to avoid apologizing for your mistake. There are then 2 contracts and the bank doesn’t have to combine anything, it simply doesn’t work because of the timing regarding the terms.

I find ING’s offer good. You also have to compare apples to apples first, meaning combining total financing including VVE and then refinancing further.

You have no claim to early repayment. And that is a good thing. ING has served you well so far.

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

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