Jochen104
2015-01-23 12:05:01
- #1
There will probably be nothing left but credit. According to the bank, you are not allowed to finance furniture with the mortgage loan.
That's a matter of argument. In case of doubt, you can still finance the rest of your plot that you have so far financed privately.
The collateral (land charge) just has to fit.
To be honest, we don't know what the plot is worth (1500 sqm in the countryside)... it was basically a gift and the bank takes it as our equity. Otherwise, it wouldn't be possible for us to build, since we have only been employed for a short time and "building up assets"
Check the standard land value for your plot.