Property purchase loan for €30,000

We want to first acquire a plot of land. For this, we would need a loan of €30,000.

Which bank offers something like this, or which would be recommended? In 2 to 3 years we then want to build a house, so we would need another loan at that time.

No equity is available, except for a building savings contract from each of us, currently containing €1,000, but the lock-in period does not end until 2013.

I hope you can help us.

Best regards

Ronny Stritzke

Hi!

What is the point of all this? People don’t buy winter tires now and the suitable car years later.

Besides unnecessary burdens (financing costs, property taxes), you are more or less already tied to a lender.

And what if interest rates have risen sharply in 2 or 3 years...?

Apart from that: Building a house without equity works in very few cases.

Regards,
Tom.

It is not necessarily sensible; it is better to save equity first in order to save interest. But there are supposed to be properties that are gone if you don't buy them yourself.

correct and here in the area there are hardly any reasonable plots at good prices left. that is the real ulterior motive

regards Ronny

The best thing is to go around and simply get non-binding offers...

Buying a plot of land makes sense, especially when the location and price are right and it forms the basis for the future center of life.
It would be more solid to finance the house later if, for example, the plot could be brought in as equity. The question is whether the then fully financed plot can be paid off before taking out the construction loan.
Otherwise, the house construction will likely also be a full financing, and reputable banks, understandably, quickly reject this.
Therefore, I advise building equity before it gets serious.
As mentioned, this can also be the plot that has then been paid off.
For tax reasons, I recommend separating the plot purchase from the house construction, meaning not acquiring both from the same company.
This way, the real estate transfer tax is only charged for the plot purchase and not additionally for the house construction (tying contract = real estate transfer tax on both).
The possible new kitchen would already be financed this way...