Recover paid amounts via equity from the construction loan

: Then I probably expressed myself somewhat incorrectly.

When calculating the total amount of the required construction loan offer, we have included these already paid sums, but NOT as equity, rather these were prepaid amounts paid simply in "cash".

We did this so that we do not have to have the construction loan already running, due to the total of 12 months interest-free grace period. Otherwise, we would have already "lost" several months which might be needed later, for example due to unreliable contractors, and then possibly have to pay interest on a large outstanding amount.

We would prefer to get back these “cash” paid amounts as soon as the construction loan is running, in order to simply have the reserves back on our private account that we had before, for example for repairs, children, vacations, etc.

Of course, we have transfer receipts/invoices etc. for the “cash” paid amounts which we can submit to the bank.

Our equity with the bank is, by the way, the land and the existing house, which belongs to us but needs complete renovation.

So you have been transferred a house free of encumbrances, took out a loan for "Kapitalbeschaffung". The advanced equity is now to be paid out. Yes, it could work if the bank was informed beforehand. Otherwise, invoice submission for value increase. Difficult in both cases.

I see, so my thinking was correct after all. However, this passage

These "cash" paid amounts, we would prefer to get back as soon as the construction loan starts, to simply have the reserves on the private account again that we had before, for example for repairs, children, vacations, etc.

is confusing. Because if the amount is already "priced in" the financing, no confusing explanation is needed. ;) just as a tip. You basically submit the invoices as own contributions, so you say 20,000 for the mentioned items ... that would be no problem with my bank, others probably require a direct conversation. And there, see my tip. You get stuck on the words vacation and children, and that confuses, and an explanation then is not necessary.

I don't think it will be that complicated. We financed through a direct bank and submitted items that were not listed in the construction cost statement (of course value-enhancing). Above all, there is often a blank item that can be drawn without submitting an invoice.

But everything we write and believe to know is also in black and white in your loan agreement. Just read and understand.