Sell house directly again - Prepayment penalty

Good morning dear ones,

I am in a really crappy situation and need some information.

How do you calculate a prepayment penalty if you actually want to sell a house immediately?

Are there tricks and ways to avoid it?

At the moment, I’m not doing so well mentally with the whole situation, who do you turn to in order to discuss something like this? Do you go directly to the bank? That would be uncomfortable for me.

Good morning,

you can gladly post the data here. When purchased, the current outstanding debt, fixed interest period and interest rate.

Then someone could give you an indication. Otherwise, it is the most normal thing in the world and totally legitimate to have a VVE calculated.

Is it really bad for you?

Unfortunately, the topic is extremely shameful for me and that is why I do not dare to discuss it or seek advice among friends. I hope to find help here.

We bought the "wrong" house... we just moved in. That makes it especially bad.

Mentally, I currently cannot stand it here and also find no way to deal with it.

Remaining debt: 375,000 euros
Interest rate: 3.67%
Fixed interest period: 15 years
Installment: 2,085 euros

Possibly rent it out otherwise?

Perhaps, to take some of the discomfort away from you: everyone makes mistakes and it is not the end of the world to pay the VVE now and to realign yourself. Not great, but no reason to be ashamed.

If the house is sold, the surroundings will find out anyway.

Only your bank can tell you the amount of the VVE.

Would there be ways to avoid these? Actually, only by buying something new and taking the loan with you, right?

Would there be ways to circumvent this? Actually, it’s just buying something new and taking the loan with you, right?

There is the property swap that the bank could offer you once the old one is sold. You could inquire about that now. It means that you transfer the loan to the new one. However, it could of course be that a bad house is hard to sell and you don’t find a proper one promptly.