Hello dear forum,
We are about to finalize our financing.
However, it seems that the kitchen will likely not be accepted.
Is this different from bank to bank?
We would like to include it in the main loan.
What options are available? Are there any at all?
I hope you can help.
Best regards
Steffen
We are about to finalize our financing.
However, it seems that the kitchen will likely not be accepted.
Is this different from bank to bank?
We would like to include it in the main loan.
What options are available? Are there any at all?
I hope you can help.
Best regards
Steffen
P
pagoni202026 Jul 2020 18:58tomtom79 schrieb:
I can’t help you with financing. From what I see, you’re not high earners. You could try Ikea, which often offers 0% financing, and they have very nice kitchens with electric appliances included for around 5000 euros (about 5400 US dollars) that are top quality.....I was just about to mention that. Or....for our previous house, we installed a used kitchen; these are widely available for sale at excellent prices and from manufacturers that you usually couldn’t afford. With a bit of creativity in the design, you can get top quality and individuality for little money—something you hardly find in the general mainstream market.
And....I don’t care what the bank says—
dynaudio7928 Jul 2020 13:36Update.
Only Allianz has an issue with the kitchen. ING does not.
However, there are now new....
Only Allianz has an issue with the kitchen. ING does not.
However, there are now new....
A
Alessandro6 Aug 2020 15:13Regarding withholding equity:
You need to read the contract carefully!
For example, I misunderstood a sentence in my contract stating that I must use all of my equity (with proof) before I am allowed to access even one cent of the loan!
So, you cannot declare an equity of 100,000 but only spend 80,000, then use the loan money in between, and finally spend the remaining 20,000 of equity on the kitchen.
In my case, 20,000 of the loan will definitely remain. I have asked the bank to release this amount so I can finally start repaying.
Before that happens, they will send an appraiser to inspect the house and carefully document whether the fittings and construction match the agreed specifications.
You need to read the contract carefully!
For example, I misunderstood a sentence in my contract stating that I must use all of my equity (with proof) before I am allowed to access even one cent of the loan!
So, you cannot declare an equity of 100,000 but only spend 80,000, then use the loan money in between, and finally spend the remaining 20,000 of equity on the kitchen.
In my case, 20,000 of the loan will definitely remain. I have asked the bank to release this amount so I can finally start repaying.
Before that happens, they will send an appraiser to inspect the house and carefully document whether the fittings and construction match the agreed specifications.
dynaudio796 Aug 2020 15:23Yes, it’s clear that the rule is to use up your own equity first.
However, the note here was meant the other way around. They have 100,000 but only declared 80,000. This way, there is some room left for the kitchen and so on.
I am also aware of the appraiser and understand it, since the bank wants to make sure that what was declared was actually done and that it’s not just a shed standing there.
However, the note here was meant the other way around. They have 100,000 but only declared 80,000. This way, there is some room left for the kitchen and so on.
I am also aware of the appraiser and understand it, since the bank wants to make sure that what was declared was actually done and that it’s not just a shed standing there.
A
Alessandro6 Aug 2020 15:27which, however, means that you take out a larger loan and pay interest on it...