Good evening,
so the questions:
do you have anything in writing from the consultant:
so this statement:
"we informed our bank advisor that we can terminate our current financing as of 11/2024 (10 years + 6 months)"
(did he call you? or do you even have something in writing like a letter? email?)
You do have the bank statement for the year 2014 (annual bank statement)
what does the booking look like there?
Money out, and directly (1-2 days) back again? (no interest accrued)
or was it longer, and you paid interest for it?
so that it can be better assessed
It reads as if the bank wanted to make the full payout as of 05/2014, but the payment did NOT arrive from the "pre-financing bank" and they apparently received the notification that the "pre-financing can only be redeemed as of 02/2015"
so then it wouldn’t be a mistake of the bank, but rather at the bank that arranged the "pre-financing"... and then the other question arises, were the cancellation deadlines observed there? (just as a note!)
and to get better interest rates, one could also have entered into a forward loan in December, whether it was then for 11/2024 or for 08/2025 (the forward premium between the two dates should be around 0.15%) i.e. look exactly at the annual bank statement from 2014, or have the bank give it in writing for which date you can exit.
as I said, it is very annoying, but personally I still don’t see any fault on the part of the financing bank if you don’t know exactly how it came about that the actual payout was much later...
did you not notice in 2014 that you didn’t pay any interest/installment for more than half a year?
Morning!
Generally, the opinions are that the initial payout is not enough if the pre-financing bank returns the money and accepts the funds again with the second transfer eight months later. We paid interest to the pre-financing bank.
What I don’t have is anything in writing that the money was actually transferred back once!
I also don’t find the argumentation entirely conclusive. The Building Code states when full payment was made. If my bank made a mistake here, then that’s how it is.
That’s what I thought and as I said, I have nothing in writing about the transfer back. I only have four documents in total proving that the money was paid out in 05/2014.
There are also statements from my district manager of the current bank:
- Once in a personal conversation in 08/2021 with the witness bank advisor of the pre-financing bank I can terminate as of 05/2024 + 6 months.
- In an email 08/2021 'remaining balance as of 11/2024 (termination according to Building Code 488)
- In an email 08/2021 with offers for a forward loan as of 11/2024
- In an email 03/2022 his headquarters had also initially given him the date 11/2024.
So if I cannot rely on these statements, then on what?
And, I already wrote, if the bank had given me 08/2025 straight away, I would have requested and received the conditions for this date in January. But I could not because I was given many different dates by my bank. One has to be able to rely on these repeated statements in good faith.
The only problem is that since then interest rates have risen extremely. And I am not willing to bear this damage.
Really unjust?