Vision House No. 3: Is property lending possible for credit?

Subordinated financing would also be done by a Sparkasse or Volksbank under "normal" conditions, not just the specialist bank. What matters here is where you end up in the lending value.

Oops. Someone clearly knows what they're talking about. 1. An owner is more likely to overestimate the value of their property than to underestimate it. So €450,000 is initially the set market value. If we deduct the obligatory 10% safety margin to arrive at the lending value, we end up with €405,000. Of that, 60% as the lending limit / mortgage portion is €243,000 ==> minus remaining debt = €43,000 value estimate. Everything beyond that is a so-called unsecured loan (I hope the term makes sense to you). So a loan issued without any security value. The condition for this is, due to the risk for the bank, comparable to a classical installment loan, based on the customer's creditworthiness. And the average rate for this currently stands just under 6%. And on the subject of "every Sparkasse or Volksbank does this anyway." I can name you 100 banks off the top of my head, since in my job—in addition to my normal financing activities—I also manage various of the aforementioned banks, that do not do this under "normal" conditions. We, who cooperate nationwide with several hundred banks, also do not do it—just like our partners. The only chance with a new inquiry if we are supposed to finance 100% of the lending value and the partner then also additionally provides subordinated financing alone. And I don't currently see the creditworthiness for a "that's not a problem at normal conditions."

And on the topic of "every savings bank or cooperative bank does that anyway." And I don't currently see the creditworthiness for a "that's no problem at normal conditions."

I never claimed any of that, is that how you discuss things in your company? And then putting it in quotation marks to give the impression that I said it like that. Nice that you paid attention during the training on the lending value calculation, but where did I say anything wrong or different? And everything above 60% is unsecured Really… I will now withdraw again and continue to follow what is being written here as a silent reader, I just wanted to help and had no business interest. To the creator, go to an advisor, and then you will see what is possible and what is not, I have pointed out a possible way.