Question about financing (when changing the general contractor)

Hello,

I also think that the bank doesn't really care if you replace the GU. However, it will be interested in the new construction service description, as the value of the building can change due to different materials.

This does not necessarily have to be bad for you – if the bank concludes that the house is worth more according to the new construction service description, the conditions could theoretically even improve for you if you thereby fall below a certain loan-to-value threshold.

But it is definitely right to play with open cards.

Regards,

Dirk

I have never really checked a construction service description during my private building finance time. Just glanced to see if the equipment was simple, medium, or good - and then hammered the object size for the valuation into the system. They use average values for the equipment levels there anyway.

With us, the bank would even finance a smaller house 10x9 instead of 11x9 upon request.

Hello Joda,

everything okay with you?

Rhenish greetings

Addition to what has already been said: The bank could also want to check the creditworthiness of the developer/construction company and include this in their decision.