What security can I deposit with the bank?

We answer these and many other questions in our video blog editions.

Here is the transcript of episode 15 to read:

As a rule, the bank wants to cover the ancillary costs for the acquisition: notary and court costs and land transfer tax from its own funds. Unless you already have real estate, then you can certainly co-finance these. But then the question remains, how do you get particularly good bank conditions? Is there anything you can bring in as additional security that improves your starting position? You can say that this is usually not necessary.

With a rented property it is also usually not done. But if you already own real estate and this real estate is perhaps already partly paid off, then you get the money from the banks more favorably if you bring your assets or one of your properties additionally as security. This can be very useful, because then you use the advantage of already owning real estate to get better conditions at the bank.

You don't have to throw your money at the bank. But if you want to have particularly favorable interest rates and have a better starting position because you already own real estate, then you can definitely take that into account and bring it in. And with that it will be even easier for you to take a good position towards the banks!

Keywords:
Bank conditions, ancillary costs, own funds, real estate, security, paid off, interest.