Commitment fee: How much to pay if your new build isn’t ready?

With a new build project, you have a tough schedule. That's necessary if you want to avoid paying commitment fees to your bank.
Published on Aug 24, 2020
Commitment fee: How much to pay if your new build isn’t ready?

Category First Time Buyers

Written by Henrike Herrmann

Published on

If you buy an existing property in Germany, the purchase price is usually due after notarization. This is the time when your loan must be paid out, and you start the repayment.