Realistic or daydream? (Buying property without equity)

That is our current income. However, with the purchase, my wife would increase to a full-time position at the next half-year, and then we would have €6000.00.

That is something the bank does not evaluate right now. Also, you requested a maximum rate of €1300.

I already showed you at the beginning why that can't work, or rather, why the bank will require a certain repayment. So rate + ancillary house costs at €2000.

Nevertheless, you should go to banks or financial brokers to have the whole thing calculated concretely and to check what they offer you.

But only 10 years? By then, the subordinated loan will just be paid off. Not really much repaid on the rest. So it does not really sound like a healthy financial concept.

Furthermore, there can be problems again with the loan-to-value ratio.

If you want to go that route, you should end up with a concept or sign something that offers you interest rate security for a longer period, and all banks charge for that.

I think Tego12 absolutely misses the mark when it comes to the combination of good and secure income and the currently low interest rate environment. Personally, I fully understand Superdad’s thought process and would also wonder what I should be waiting for. Every rent payment would hurt me deeply, since I am effectively paying off the landlord’s mortgage. One can catch up on equity with an expensive subordinated loan. Considering interest rate increases (which I don’t expect to be significant this year, but they must be saved up for over several years), the rent payments, and the poor investment interest rates, the subordinated loan will not suffer heavy losses, especially since a mixed interest rate with 100% interest rate security of the targeted 2.5% still seems cheap and attractive.

I would also buy, set out on the path to affordable financing, and if with that at least I can get this line of thought out of my head, financing should not be impossible.

First interim conclusion: House bank (Volksbank) completely refuses. Do not want any facts or figures, "we do not do" full financing. Interhyp has submitted an inquiry, consultation appointment soon.

First interim conclusion: House bank (Volksbank) completely rejects it. They don’t want any facts or figures, “we don’t do full financing.” Started an inquiry with Interhyp, soon an advisory appointment.

Thank you for this short but valuable contribution.

It’s not nice for you, but you can see from a bank’s statement that not everything works out as you spontaneously imagine.

Saving up liquid funds is not wrong, some preach, wasting time others say.

The bank has the say – I can imagine that the situation with equity will become even tougher, but I am not an expert...

For you: there are other banks where it will _somehow_ _certainly_ work.

Best regards, Yvonne

But that rather reflects the general behavior of Volksbank. They partly have really strange ideas about how financing should work. Without knowing what kind of house is to be built on the plot, they want to package an overall deal; without it, it won't work. From personal experience, I consider this institution to be very inflexible.

First interim conclusion: The house bank (Volksbank) completely rejects it. They don't want any facts or figures, "we don't do" full financing. Interhyp has initiated an inquiry, consultation appointment coming up soon.

I wouldn't go to a Sparkasse either, as they have similar views. I would directly make at least one more appointment with a second advisor. You'll get the furthest with them.

It also depends on how much effort they want to put into such a 120%. Not every advisor has the inclination to bring such a deal to the table.

The probability is a construct of DSL + Hanseatic; but they only do it through intermediaries.

By the way, the Volksbank did receive "figures". You want 120%. That is a decisive criterion for many banks.

All the insurers who like to grant cheap long-term loans (25-30 years) typically only go up to 80%.

It doesn't matter what the other facts say.

Every rent payment would hurt my soul, as I am paying off the landlord’s mortgage with it

Well, there is also a lot of service, security, and flexibility that you don’t have as a homeowner. And if he invests the other 1000€ in the capital market, the objective increase in wealth until retirement is significantly better than tying yourself to a property.

Mixed interest rate with 100% interest rate security of an ambitious 2.5% still appears cheap and attractive.

Will you also tell us how much he has to pay monthly for that? So, how much do private credit + bank loan + building savings contract cost him monthly? Or how is the 100% interest rate security with 2.5% represented?