for the sale of the house, the land charge must be deleted.
Since the prepayment is almost as high as what I would have to pay anyway, I wanted to leave the loan agreement in place, u. as a new security deposit the loan amount in cash in favor of the bank in their own secure financial products.
This meant this is only possible with another house with a new land charge entry. I myself think that since the contract runs for another 5 years, the interest rate can improve in my favor, u. not as it is now only credited with 0.05%. At the same time I made a capital life insurance interest rate of 3.25% at the bank which should serve as repayment. This is not taken into account, I even want me to cancel it. A lot has already been paid in there, but I also have the outstanding credit available in cash. I mean that cash is no worse security than a land charge.
Can the security exchange only take place with another property?
Must sell because of chronic illness, loss of earnings for 1.5 years and so on. Future, co-owners pay off.
Hello u. Thanks for all the answers. According to judgments, I found the following:
The borrower can in principle claim the bank’s consent to an exchange of collateral if the collateral offered as replacement covers the bank’s risk as well as the previous collateral and the borrower is able and willing to assume the costs associated with the exchange (cf. . BGH, judgment of February 3, 2004, XI ZR 198/02). The costs associated with the exchange can include appraisal costs, notary fees or land registry costs. This means that the exchange must not result in any financial, legal or organizational disadvantages for the bank. The following requirements must therefore be met in detail:
The prepayment penalty is even a little higher overall, because of processing costs like what I have to pay until the end of the contract.
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