Right of withdrawal from the loan in case of missing building permit

Hello everyone,
the following situation: we have the opportunity to buy a plot of land, but it has the drawback that due to its size it can only be built with a house on the boundary, directly adjacent to the neighbor’s house wall. Because of this fact, we have agreed with the owner that if no building permit is granted, they have the right to withdraw from the purchase contract. The architect's fees and application costs would be borne by the owner. With the architect, we have agreed similarly that if the building permit is denied, we can withdraw with the assumption of the incurred costs.
Now the question: is there a way to structure the loan agreement so that we can withdraw from the contract if the building permit is not granted?
Has anyone had a similar situation?
Are there alternative possibilities, such as concluding a loan agreement after the building permit is granted?

Thank you very much

Best regards

Hello Nico, Is there no development plan that shows _how_ one can build, including bordering the neighbor's house? Why can't the architect read the plan, why no preliminary building inquiry?

Otherwise, I don't think a bank offers alternatives besides their 14-day withdrawal right. It is up to you to decide _when_ a loan is applied for by you.

Nico, I know it like this. Initial meeting with the bank. We would, if possibly from you such and such amount? Answer yes, under such and such conditions. So, then I get active and apply for the building permit. Once that is available, I have to submit it along with the self-disclosure, some pay slips, building description with prices anyway. Only then does the bank finalize the loan agreement. We had the building permit in November, started on 22.12., now it’s at the shell construction stage, and only on 20.1. actually signed the loan. Until then, we only had the approval. Nothing legally binding yet. So, take it easy, take it easy. The Prussians don’t hurry that fast either.

Sorry Carsten
First comes the discussion with the builder or architect who prepares a cost estimate, _after_ the development plan is reviewed and the house is planned accordingly.
One can expect a builder and architect to know what is allowed to be built!
The construction costs, which play an extraordinary role in the loan, also depend on this.

Regards

Sure. You are right, as women usually are..... That comes first. Plan, price, cash audit and loan approval, application, loan contract. But the latter only with an approved application. Our Volksbank does nothing without the building permit being completed in writing.

quite simply NO! So be careful