Minitrump
2019-04-20 04:00:19
- #1
: thank you very much for the useful information. Below are further uncertainties.
1.
What does partial crediting of dividends/interest income mean? With what specific rate?
2.
If living expenses of 700-2,000 € are assumed. Why was your first assessment that I would not get a loan with a monthly (pension) income of 1,500 €? This amount is significantly above the average of this range.
3.
If I receive interest or dividend income, I usually reinvest it soon, so I do not have more money in my wallet. For example, if I have an accumulating bond fund, the interest income is credited internally. I could immediately sell shares in the amount of the interest income, and the remaining shares would have exactly the same value as the starting position before the interest period. And whether I physically receive interest payments or sell shares, it effectively amounts to the same thing. Therefore, I cannot understand the regulation, but I take note if this is how it is handled in your bank (or presumably in general).
SPV:
4.
It was new to me that 20% of the purchase price AND ancillary costs have to/should be covered by equity. I always thought that 20% equity from the total of purchase price + ancillary costs is sufficient. Then of course with a correspondingly higher interest surcharge.
I cannot understand that the operating costs are so low.
Are administrative costs for accounting etc. included? Is vacancy loss also calculated in, or is it simply assumed that the rental rate is 100%?
5.
Every company must have started with an SPV at some point. If every bank only works with initiators experienced in establishment, there would never have been an SPV, so at some point you have to start, right???
Yes, at least the idea has been presented to me to set up something like this.
Sure, there are many normal companies that use such SPVs. But there are also purely non-commercial investors who initiate something like this. Where would they have a chance to get such a thing established?
:
Even if I repeat it often: I only contact my bank when I have sufficient knowledge about lending practices (thanks to nordanney I have already learned quite a bit). Also, I want to wait until I receive a final pension notice and maybe can show the bank more pension payments.
The core question in this thread is: what is real income?
Salary can just as easily disappear as rental income or payments received from private individuals. It is not safer than any other sources of income such as capital gains from securities or payments from acquaintances.
:
No, I certainly won’t read through those brochures. What I was interested in was: What are the legal requirements and what are internal bank rules. Because legal requirements cannot be questioned. They must be met without ifs or buts. But with internal bank rules, one can sometimes achieve deviations from the usual regulations by arguing.
1.
What does partial crediting of dividends/interest income mean? With what specific rate?
2.
If living expenses of 700-2,000 € are assumed. Why was your first assessment that I would not get a loan with a monthly (pension) income of 1,500 €? This amount is significantly above the average of this range.
3.
If I receive interest or dividend income, I usually reinvest it soon, so I do not have more money in my wallet. For example, if I have an accumulating bond fund, the interest income is credited internally. I could immediately sell shares in the amount of the interest income, and the remaining shares would have exactly the same value as the starting position before the interest period. And whether I physically receive interest payments or sell shares, it effectively amounts to the same thing. Therefore, I cannot understand the regulation, but I take note if this is how it is handled in your bank (or presumably in general).
SPV:
4.
It was new to me that 20% of the purchase price AND ancillary costs have to/should be covered by equity. I always thought that 20% equity from the total of purchase price + ancillary costs is sufficient. Then of course with a correspondingly higher interest surcharge.
I cannot understand that the operating costs are so low.
Are administrative costs for accounting etc. included? Is vacancy loss also calculated in, or is it simply assumed that the rental rate is 100%?
5.
Every company must have started with an SPV at some point. If every bank only works with initiators experienced in establishment, there would never have been an SPV, so at some point you have to start, right???
Yes, at least the idea has been presented to me to set up something like this.
Sure, there are many normal companies that use such SPVs. But there are also purely non-commercial investors who initiate something like this. Where would they have a chance to get such a thing established?
:
Even if I repeat it often: I only contact my bank when I have sufficient knowledge about lending practices (thanks to nordanney I have already learned quite a bit). Also, I want to wait until I receive a final pension notice and maybe can show the bank more pension payments.
The core question in this thread is: what is real income?
Salary can just as easily disappear as rental income or payments received from private individuals. It is not safer than any other sources of income such as capital gains from securities or payments from acquaintances.
:
No, I certainly won’t read through those brochures. What I was interested in was: What are the legal requirements and what are internal bank rules. Because legal requirements cannot be questioned. They must be met without ifs or buts. But with internal bank rules, one can sometimes achieve deviations from the usual regulations by arguing.