Selling a house and renovating another, which way is right?

Ok, I will do that, thanks.

I just googled Interhyp, Dr. Klein also came up in the results, I think I'll contact both.

The LBS advisor was definitely interested but LBS has absolutely no bridging loans in their portfolio, only long-term stuff, after all it is a building society.

Hello I don’t understand that. Sale price minus 40k loan. And then you also write 30k annuity loan present. Basically you have a time and space problem and the risk of achieving the appraiser’s price. When the interest rate starts to put pressure one does all sorts of nonsense. For example, selling below value. Is the new house in the family so dilapidated that it has to be renovated immediately? Or can you 1 look for a job 2 move in without renovation 3 sell the house 4 take stock 5 start renovating from the proceeds? Topic inheritance and gift. Are there no siblings who have to be paid out in the event of the parents’ premature death? Sorry annoying topic just want to point it out

Forgotten

With the variable loan, I would have a double burden again, which I am a bit afraid of if the house sale takes longer.

There probably won't be a bank that will give 105,000 € for a land charge entry for the "new" house and keep my monthly burden at 700 € for it, right?

Then you could immediately repay the 40,000 euros at the LBS and could start the renovation and have a bit more peace of mind without double burden.

I think it will be difficult to find a bank that lends you 105,000 € for a maximum of 12 months.

Forgotten

With the variable loan, I would have a double burden again, which I am somewhat afraid of if the house sale takes longer.

A bank that would give you €105,000 for a land charge entry for the "new" house and keep my monthly burden at €700 probably doesn’t exist, right?

Then you could immediately pay off the €40,000 at the LBS and could start the renovation and have a somewhat freer mind without double burden.

I think it will be difficult to find a bank that lends you €105,000 for max. 12 months.

It won’t work and as I said, don’t put yourself under the pressure. Did you read my posting? Is a renovation urgently needed?

Hello I don't understand this. Selling price minus 40k loan. And then you write there is still a 30k annuity loan. Basically, you have a problem with time and space and the risk of achieving the appraiser’s price. When the interest rate starts to press, people do all kinds of nonsense. For example, selling below value. Is the new house in the family so dilapidated that it needs immediate renovation? Or can you 1 find a job 2 move in without renovation 3 sell the house 4 cash up 5 start renovating from proceeds? Topic inheritance and gift. Are there no siblings who have to be paid out in the event of the parents’ premature death? Sorry, bad topic just wanted to point that out

I am an only child and my father inherited everything from grandma and grandpa last year when they passed away.

Without renovation it won’t work, the rooms are too small for 4 people, three walls have to be knocked down and dry screed needs to be laid throughout the house, one bathroom renovated and a bathroom on the first floor completely rebuilt. Dad and I can do everything ourselves but it takes time since I can only go up on weekends.

Grandma and grandpa were just two people and we are four.

There are six months between finding a job and starting the job and I want to use that time for the conversion. Unfortunately, this is the case in the public sector with long notice periods.

And I don’t want to put my family through living on a construction site with four people.

I would strongly reconsider ... the money printing can be many times higher .. what you need is an interest-only loan where the loan amount increases by the accrued interest ... too specific