Subsequent change of the lending value - What happens?

We are a real bank - but also refinancing partners of several hundred different banks. a this is sustainable and must not change within the scope of a few thousand euros of costs (which only becomes clear at the end of the construction project). If the customer has to build more expensively due to price increases, this does not change the lendable value. Any knowledge of the BelWertV?

These are not our customs, but generally valid customs, since you cannot and must not simply disregard legal requirements.

Sorry, it doesn't get more correct

If you once work with Europace and just see the processing with the DSL Bank, you would immediately delete your post.

.....In ALL banks the lendable value is a constant figure.....

Sorry, you're scaring me, if that were the case, then all banks would come to the same value, but that is by no means so!

Tell me, the decisive factors for determining the lendable value are the information of innumerable points, what are you talking about? The bank has to determine a lendable value at the beginning and it does so based on the information and of course it is important what costs arise, whether own contributions are made, what technical data the house has, etc.

Constant figure? That scares me ops _O

Knowledge of the BelWertV?

It is not about the refinancing, it is about the condition that the bank grants to the consumer, and it does so depending on the determined mortgage lending value, and each bank handles the determination differently, there is nothing constant about that!! Absolutely nothing!

To perhaps put it briefly once again. From my point of view, in a consumer forum one should, among other things, help consumers within the framework of legislation and the banks’ disbursement criteria to create, or have created, the best financing concept and thus generate the best conditions, alongside other forms of assistance. First the concept, then the interest rate.

The primary focus is to create a financing concept that takes into account the personal needs and wishes of the consumers within their possibilities, in order to present this to the bank that responds to the concept with the best conditions. In particular, the preparation of the initial situation must be the focus here, and especially in the case of new construction and/or purchase with modernization and renovation expenses, there are design options that should also be tailored in dependence on the banks considered. It is not uncommon for concepts to be developed this way that enable an interest rate and conditions where the house banks drop out; otherwise, the immense influx of business at the large brokerage companies would not be explainable, and there is still room for improvement here, depending on the commitment, knowledge, experience, and possibilities of the personal intermediary/advisor.

With a loan-to-value ratio of 61% (depending on the calculation basis for the determination of the mortgage lending value), no one has to enter a financing request unless this 61% has been determined taking into account a safety discount of 10%, so that it may then make sense to see whether better conditions can be generated at a bank that does not apply the safety discount. Of course, it may also be the case that this 61% already yields the best interest rate, whereby one still has to see whether one has to work on it at exactly this bank through structuring the financing plan, which also includes the costs, so that a loan-to-value ratio less than or equal to 60% can achieve even better conditions.

This describes the approach of an independent financing broker, but why should I as an uninformed consumer have the mortgage lending value determined by the bank based on the submitted documents if these may be incorrect or improperly compiled, do not consider everything or some items are wrongly declared, and the bank picks out the value-increasing points while the construction company or the architect can issue the items knowing how it should be, so that the items are actually value-enhancing or credited? Does one think the banker will come and say, we do it this way, then everything will be better (although there certainly are some, I was one of them myself), and also make sure that it is proven accordingly or even simply override what has been proven? Does the banker take care that the architect certifies it as it should be so that we don’t end up at 62% instead of 60% loan-to-value? Does one think, knowing the banks’ disbursement criteria and their viewpoints, that one is cheating if one exploits these, about which the banks partly advertise and ask since they want the business in their books?

Some colleagues still sitting in the bank envy me as an intermediary because of my possibilities, most think the same and are gagged to adhere to the customs of their breadwinner, and those to whom it doesn’t matter—there’s no need to talk about them here—they do not help the consumer further, do not benefit them, and this is where concepts and offers come to the table (which, oh God, are also signed) that drive consumers into our arms.

For me, many better interest rates are unnecessarily given away to many consumers here, and one must not forget that banks want the business from platforms, brokerage companies, intermediaries, and remunerate it gladly from their interest margin because it is usually well prepared, and it does not take 10 or 20 conversations until one deal goes into the books and is therefore perfectly payable out of the interest margin.

It’s not that a house bank can’t do this too, but as a rule, it is very pitiful, sometimes cheeky, which can only be to the benefit of us independent financing brokers, and this is precisely what a forum must also draw attention to, objectively, independently including the market and always in the interest of the consumer.

Actually quite simple everything

To maybe sum it up in one point. From my perspective, in a consumer forum, among other things within the legislation and the disclosure criteria of banks, consumers should be helped to create, have created, and thereby generate the best financing concept alongside other assistance. First the concept, then the interest rate.

Primarily, taking into account the personal needs and wishes of the consumers within their possibilities, a financing concept should be created in order to then present it to the bank that responds with the best conditions to the concept. In particular, the preparation of the initial situation must be the focus, and especially when it comes to new construction and/or purchase with modernization and renovation expenses, there are design possibilities that should also be shaped depending on the eligible banks. Not infrequently, concepts can be developed this way that make possible an interest rate and terms at which the house banks withdraw; otherwise, the immense influx of business at the large brokerage companies would not be explainable, and even here much can still be improved, precisely depending on the commitment, knowledge, experience, and possibilities of the personal intermediary/advisor.

With a loan-to-value ratio of 61% (depending on the calculation basis of the loan value determination), no one has to submit a financing request, unless this 61% was determined considering a safety margin of 10%, so that it then might make sense to see whether a bank that does not take the safety margin can generate a better condition. Of course, it can also be that this 61% already results in the best interest rate, whereby one still has to see whether, at exactly this bank, by structuring the financing plan, which also includes the costs, there needs to be work done, so that a loan-to-value ratio less than or equal to 60% can achieve even better conditions.

Now this describes the approach of an independent financing broker, but why should I, as an uninformed consumer, have the loan value determined by the bank based on the submitted documents if these are possibly assembled incorrectly or not properly, do not consider everything, or some things are incorrectly declared, and the bank picks out the value-adding points while the construction company or the architect can issue the points knowing how it has to be, so that the items are actually value-adding or credited? Does one think the banker will come and say: "We'll do it this way, then everything will be better" (although there certainly are some, I was one of them myself) and then also ensure that this is proven or simply override what has been proven? Does he take care that the architect certifies it as it has to be so that we don't end up with 62% instead of 60% loan-to-value? Does one think that knowing the banks' disclosure criteria and their views is cheating if one exploits these, which the banks partly also advertise and ask for since they also want to get the business into their books?

Some colleagues still sitting in the bank envy me as a broker because of my possibilities; most think the same and are gagged, having to adhere to the customs of their breadwinners, and those to whom it is indifferent need not be discussed here—they do not help the consumer, nor do they benefit them, and that is where concepts and offers come to the table (which, oh God, also get signed) that drive the consumers into our arms.

For me, many better interest rates are unnecessarily given away for many consumers here, and one must not forget that banks want the business from platforms, brokerage companies, and brokers, remunerate this gladly out of their interest margin since it is usually well prepared and does not require 10 or 20 conversations until one deal makes it into the books, and it is therefore wonderfully payable out of the interest margin.

Not that a house bank cannot do it, but usually, it is very pitiful, sometimes cheeky, which can only be in favor of us independent financing brokers, and that is precisely what a forum should also draw attention to, objectively, independently including the market, and accordingly, always in the interest of the consumer.

Actually quite simple everything

Boh uh... nobody will read this anyway...

To maybe put it bluntly once more. From my point of view, in a consumer forum one should, among other things, help consumers create or have created the best financing concept within the legislation and disclosure criteria of banks and thus generate the best conditions. First the concept, then the interest rate.

You are confusing a forum with a commercial consumer advisory service. Why would someone seeking help hang around in a forum? Because of opinions and experiences of other people as well as to be shown completely new aspects that one may not have been told by previous advisors.

"The best conditions" can look so different for the same customer, depending on with what tedious speeches and texts one lulls them.

Sorry, you scare me, if that were the case, all banks would come to the same value, but that is by no means the case!

I didn't say that. Three lawyers, four opinions. Similar with appraisers. The appraiser prepares a loan value proposal and then the loan value is determined. This value is then very fixed. You babble a lot (that's something intermediaries like to hear), but you haven't given the OP a single piece of advice yet. You think you know everything better, at least you believe so. You talk about conditions and financing structures like loan-financed equity capital, but you have no concrete advice for the OP. I'm out then. With over 20 years of experience in real estate financing and valuation from small condominiums to €200 million commercial properties, I've seen too much to listen to such nonsense any longer. No offense...