Realistic or daydream? (Buying property without equity)

PS: The planned monthly burden was about €1200.00 - €1300.00 (loan installment per month).

You want to buy. If it were building, I would tell you to go back to start...

It could work that you find a bank that gives you money. But there will also be a lot of banks that won’t even look at you. It’s better to go to several financial brokers to survey the situation.

But the planned installment will not fit. Mentally, I would rather prepare for €1600-1700 or more.

The reason is; usually, a subordinated loan (i.e., a private loan) is included to reduce the loan-to-value ratio. That is not cheap; and then you should also be able to repay the main loan...

As a counter calculation. To have paid off the house in 30 years with €1300, you would have to get a mixed interest rate of 1.16%.

That is utopian given your initial situation. The mixed rate will be more than 2.6% to 3% if it should be reasonably fixed.

With A13 plus family allowance for married and 2 children, she will always be able to carry the installments alone. I advise you to have a consultation at your trusted bank as the first step.

With A13 plus family allowance for married with 2 children, she will always be able to carry the installments alone. I advise you to have a consultation at your bank of trust as the first step.

Correct, basically yes. The plan was simply that we are more flexible and then make special repayments annually. So we prefer to have a buffer and can decide year by year how much we want to "pay off early".

The plan was simply to be more flexible and then make special repayments annually. So we prefer to have a buffer and can decide year by year how much we want to "prepay".

The bank is taking an enormous risk with 120% financing. It is actually a common side effect that with such BLA the bank tends to push for speed.

The initial post sounds quite defensive right away, which is not necessary. Regardless, I am of the opinion that more could have been saved even in this situation.

I would be very interested to know how the banks react to this.

What are your current rental costs? If for example it is only 700-800 EUR now, the calculation with the targeted rate will not work out, unless significant changes are made on the spending side.

A13 ... and you press the brake halfway!

The difference between now and in 3 years is that although you are older, you are 60,000€ richer, so you get a better rate.
You will carry these 110/120% heavily for years, and you don't make special repayments anyway, because somehow the money gets stuck during the year.

Therefore, my tip is to go into the full-time position immediately, but childcare must be ensured, I know...
What does your household budget look like? How much capacity is there for the house and higher additional costs?


Best regards, Yvonne