What conditions can I expect?

  • Erstellt am 2019-09-19 15:20:15

Fuchur

2019-09-19 17:41:23
  • #1
You have combined some quite special requests.

- Most banks require at least 2% initial repayment. That already leaves only a handful.
- The low initial repayment determines the calculated term, so probably the pension entry is a problem. Some will drop out there or significantly adjust the conditions. What you plan to do later does not interest the bank; on the contrary, you also need one that allows changes to the repayment.
- A 20-year fixed interest period is not unusual now, but regional savings banks often fall out, for example, and they often have good regional conditions.
- Banks with 24 months interest-free provision period exist - rumoredly. They probably have to be searched for with a magnifying glass and then charge a lot for it.

In short, you are looking for a bank for all your above, exceptional demands and it should also have the best market interest rate. That will not work. You will have to make compromises somewhere.

Therefore, the question about age and income is not entirely unfounded, because the equity contributed does not fit at all with the desired repayment for this small amount.
 

guckuck2

2019-09-19 18:03:26
  • #2
You are in good hands with the broker. 24 months free of provisioning fees is quite rare and usually comes with surcharges. And with your planned low repayment, it doesn't make much sense. Why finance now at all?

As far as I know, Ing-Diba wants to see 2% initial repayment but allows changing the repayment rate during the term down to 1%. Brokers know such tricks.

Still interesting why you want it that way. Lots of equity and the house can be considered upscale, and then no repayment? Everything gifted and no liquidity or do you prefer to invest your money elsewhere? (though then it's questionable why so much equity is being put in)
 

WingVII

2019-09-19 18:13:12
  • #3
We have applied at Schwäbisch Hall for €320,000 at 0.89% p.a. with a 20-year fixed interest period. The equity amounts to 20-30%.
 

Tobibi

2019-09-19 18:40:28
  • #4
The conditions are connected to the repayment. If you repay almost nothing, you will notice it in the interest rate. Maybe you can have the increase contractually fixed in the agreement, that could result in a better interest rate. Definitely do it through an intermediary.
 

Hyponex

2019-09-19 20:45:09
  • #5
So 1.70% over 15 years is more than cheeky!

Currently ING, where you can change the repayment rate between 1% and 10% (would fit well with your idea)

is at 0.86% over 15 years with your numbers (Important: will be adjusted to 1.06% from tomorrow evening! That means tomorrow would be the last opportunity to submit the application with complete documents!)

In which town (postal code) do you want to build? There might still be a regional discount!

PS.
Schwäbisch Hall is at 0.77% nominal here, so if you can manage their "disbursements" (should not be a problem with that equity!) then just get in touch ))

Disadvantage of Schwäbisch Hall: minimum repayment of 2% must not be undercut, meaning you have to start with 2%. BUT you can start with it once the loan is fully paid out = probably when you have finished the construction!
 

Hyponex

2019-09-19 20:46:45
  • #6


With ING, you should choose 3% repayment in the application; if you choose less, you get scored worse = rejection probability increases. But you can then adjust it between 1% and 10%, according to the contract twice (if you do it yourself online = currently unlimited!!!!)
 

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