Shared household, but only one borrower

  • Erstellt am 2021-01-05 14:07:30

Fritsch

2021-01-05 14:07:30
  • #1
Hello everyone,

we want to build our single-family house in the middle of this year and are currently gathering information regarding construction financing. We share a household (unmarried), but the loan should only be taken out by one person. I have two general questions about the self-disclosure/asset statement for the banks:

1) In the self-disclosure, I would always state only half of the costs for joint expenses such as housing, groceries, and similar; for individual expenses like clothing, insurance, etc., of course, the full costs. Is this correct and will it be accepted by the bank?

2) How does the bank consider the future "new" incidental costs for the single-family house? I have read approximately 3-4€ per sqm. Will these be counted by the bank only at half against the income of the future borrower since the house will be lived in by two people?

The plot is already available and is 100% attributed to the borrower.

Thank you in advance for the help.

PS: Happy new year
 

Tolentino

2021-01-05 14:13:28
  • #2
In such a constellation and for what you intend to do, you would have to list your partner as the tenant and the expected rental income (less taxes) as additional income. The house costs would then be fully credited. Whether the banks recognize it this way, I do not know. If a clearly separable area cannot be rented out, I would say no. Because the bank also thinks, what if the partnership doesn't work out, then he can't just seamlessly find a new tenant for the same constellation (unlike a granny flat).
 

nordanney

2021-01-05 14:18:54
  • #3
The bank calculates using flat rates. For you, one income, but a 2-person household. House costs of course entirely at your expense, since the girlfriend can move out. So you are basically considered like a single person supporting a second (unemployed) person. The partner's rental contract is exactly zero interest to the bank, since it is fake and not sustainable (follow-up rental possible immediately?). If you can afford the house alone, that is completely fine for the bank. If you cannot, your girlfriend must co-sign the loan agreement.
 

RomeoZwo

2021-01-05 15:07:23
  • #4
Why, if the second person has their own income? For the financing of a condominium (rented out), my bank used my income minus a flat rate for me, for 1/2 child, and a rental flat rate (our house belongs to my wife). But I think my wife had to confirm her income with my bank.
 

Fritsch

2021-01-05 15:41:35
  • #5
First of all, thank you for the quick responses.
Now I know that the housing costs are fully charged to the borrower because it is difficult with a rental contract. The second person has their own regular income. Is this still included in the flat rate? This would amount to about €200 additional costs per month at the bank, right?

For the self-disclosure, I can proceed as described above to reflect the ACTUAL costs, right? So partially halving the costs.
 

nordanney

2021-01-05 17:15:09
  • #6
Because banks tend to think cautiously. Not always completely understandable.
 

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