Subsequent change of the lending value - What happens?

Thanks already for the quick responses.

For me, it is mainly about the case when the BW deteriorates afterwards. If I increase the cost estimate of the outdoor facilities, the BW improves. In other words, I could plan very expensive paving and thus reach 60% BW. Afterwards, however, I choose a cheaper paving. As a result, the BW is actually above 60% (because the value of the house is then lower than planned).

Is this a procedure that one can do or should one advise against it because of interest surcharges, etc.? After all, these are only estimates, who knows at which point the house will be more expensive or cheaper anyway. But through targeted control of the estimate, one can consciously aim for the 60%, right?

I had something similar just now. Due to unexpectedly more personal work, construction costs decreased and the value increased at the same time. At the same time, we can invest more equity in outdoor facilities, which in turn increases the value. If we had known this before signing the financing, the conditions would have been better. Now we are "unlucky."

One could avoid this, for example, by that.

It has already been said, retrospective interest adjustments will generally not take place, neither upwards nor downwards. Except in serious cases.

But no one here will advise you to commit fraud (I hope) ...

My concern is mainly the case when the loan-to-value ratio (BW) deteriorates afterwards. If I increase the cost estimate of the outdoor facilities, the BW actually improves. That means I could plan very expensive pavings and thus reach 60% BW. Afterwards, I choose a cheaper paving. As a result, the BW is actually over 60% (because the value of the house is then lower than planned).

Is this a procedure that can be done, or should one advise against it because of the interest surcharge, etc.? They are only estimates anyway; who knows where the house will be more expensive or cheaper. But by targeted steering of the estimate, you can deliberately approach the 60%, right?

The loan-to-value ratio is an estimate; it does not change that easily. Even ± €20,000 in costs makes no difference. It also must not be changed arbitrarily. We usually fix our loan-to-value ratios (for large commercial properties) over the entire fixed interest period – however, the market value changes regularly.

I know an agent from Braunschweig who also likes to sell his buddy services. This also includes signed construction progress reports

It has already been said, retrospective interest adjustments will generally not take place, neither upwards nor downwards. Serious cases excepted.

But no one here will advise you to commit fraud (I hope) ...

Well, the previous speakers also said that it might be possible to have a special right of termination or an increase in securities. Therefore, I wanted to ask again.

It has already been said, retrospective interest adjustments will generally not take place, neither upwards nor downwards. Serious cases excepted.

But no one here will advise you to commit fraud (I hope) ...

Please don’t misunderstand me. That is by no means my intention. It is about understanding how the process around the BW works. The majority of the trades are still estimated after all. To avoid ending up without money, one should rather estimate conservatively, meaning rather too high than too low. Therefore, it is quite possible that the costs may be reduced retrospectively (without any intentional act!).

You are wasting your energy, have the loan-to-value ratio calculated by an intermediary and have a financing plan prepared for you. That is not your task, meaning you tell him, I want a loan-to-value ratio under 60% (the framework conditions allow it), and he puts together a financing concept in coordination with you. What I have learned in 1.5 years of construction & financial planning and 7 months of construction is what my tasks are and what are not my tasks. Fundamental considerations and decisions are your task, but the concrete doing is not. Save your energy in this 1% area, as every bank has different eligibility criteria.