Infinito
2023-02-02 09:04:40
- #1
There are banks where those listed in the land register must also be borrowers. However, there are also those where this does not matter. I would contact an independent loan broker, which costs a bit, but who gets good conditions and finds a bank that finances it the way you envision. I would not agree to the loan; additional costs will arise for you that could certainly be avoided. Since you have already invested your equity in the property, however, I do not understand the notary’s statement. Best regardsHello, I hope I am in the right place and someone can help me or give me a tip. Last year we jointly purchased a property (50% each). I am currently on parental leave and have invested all my equity into my half of the property. The plan was to start financing as late as possible. Since my partner still has equity, we wanted to put the rest into the house and then take out a loan (my partner alone, since I am on parental leave and cannot contribute anything more). After the notary appointment, however, the notary pointed out that we cannot simply build a house and I contribute nothing; that would then be a gift from my partner to me and would be subject to gift tax (which would be a disaster). So, we thought my partner would just build the house alone, but now the bank has told us that it is not that simple either. Legally, I would still own half, and the tax office would still come up with gift tax. In addition, the bank has a problem with the situation because only my partner is the borrower and the property is not 100% owned by him. We were then advised to conclude a contract between us in which we agree that my partner gives me a loan and the repayment takes place only under certain conditions (so that it is not due immediately, because that is not realistic). However, there is apparently no guarantee whether the tax office will recognize and accept this contract. Now we are really in a tight spot and don’t know how to proceed. We absolutely cannot pay another 30% on half of the house. The house price is already much higher than planned for a complete compromise house due to price increases. Can someone maybe help us or has had a similar situation? We would be very grateful for ideas or tips. Thank you very much!