Property inspection before loan disbursement

  • Erstellt am 2020-02-12 15:56:10

Pinky0301

2020-02-12 15:56:10
  • #1
Hello,
I have the following problem with a bank:
I bought an apartment for rental and financed the whole thing. According to their terms, the bank does not disburse the loan before a property inspection or the resulting appraisal. Fine.
In mid-January, a company called me to schedule an appointment for the inspection. Since the apartment is rented, I asked for contact details of the tenant so that he could arrange an appointment. Unfortunately, I did not receive these. Only today, after several phone calls with the bank and the company, did I find out what I can communicate to the tenant.
The company informed me today that appointments are not available until March. Otherwise, all documents for the loan have long since been submitted and signed. The withdrawal period expires next week.
My question (if anyone has made it this far...): Can I demand from the bank that they disburse the loan before the inspection? That the inspection has not yet taken place and cannot take place in the near future is not my fault.
 

nordanney

2020-02-12 16:12:40
  • #2
What do the loan conditions say? Oh yes, you already posted that. So the answer is: No, you have accepted the conditions. No, but it is your fault for having accepted the conditions. You should have been more forceful. Sorry.
 

nordanney

2020-02-12 16:13:47
  • #3
You can cancel and go to another bank. But it won't go any faster then.
 

Tassimat

2020-02-12 16:18:07
  • #4
And what do you do if the tenant doesn't let anyone in? Threaten the bank very strongly with revocation if it doesn't work that way either.
 

Pinky0301

2020-02-12 16:56:45
  • #5
The land charge is already registered anyway. It would be expensive and impractical to change it now. From the beginning, I didn’t have a good feeling about this viewing, but I hadn’t imagined it to be so complicated/exhausting. Well, I’ll be wiser next time.

That should be okay, but I have also wondered whether the tenant actually has a duty to cooperate, like with apartment viewings for new rentals.

Doesn’t the bank have to have a duty to cooperate or something similar? To put it exaggeratedly: the purchase price is due, but viewing is only offered in half a year.
 

nordanney

2020-02-12 17:41:26
  • #6
Simply said: your problem, not the bank’s
 

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