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DZ HYP is a sustainable partner to the housing sector. The Bank provides customised financing solutions to German housing enterprises, with fixed-rate periods of up to 30 years. Personal contacts and an expert team are at your side – this includes applications for KfW loans.
Documentation for housing sector financings
We would like to gain a current overview of your company'sfinancial circumstances. As a bank, we have a natural interest in finding out about our clients' financial situation prior to extending a loan, based on your company documents and the property documentation. On top of this, section 18 of the German Banking Act (KWG) imposes a legal obligation for disclosure of financial circumstances. Compliance with this duty is strictly monitored by the German Federal Financial Services Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – "BaFin").
This exchange of information is also necessary for the mandatory rating of your business. We are happy to provide an overview of the documents required for the granting of a loan. We will analyse these documents internally, and will discuss the results with you – in a spirit of partnership and trust.
The following documents are important to us:
- external auditors' report, to include the most recent financial statements;
- financial statements and annual reports for the last two years;
- depending on the date of the most recent annual report, preliminary financial statements or interim figures may be required;
- business plan for the next five years.
Whilst we endeavour to keep your efforts at a minimum, we require the following property-related documents:
|Property documents||New construction||Existing property|
|Current land registry entry|
(if applicable, consents for entry in section II)
|Official location plan/land registry map||X||X|
|Year and type of construction||X|
|Calculation of spaces and volume||X||X|
|List of construction costs||X|
|List of modernisation costs||For measures involving the property serving as collateral|
|Profitability calculation||X||For measures involving the property serving as collateral|
|List of maintenance and modernisation work already performed||X|
|Commercial rental contracts (including annexes and supplements)||X||X|
|Current pictures of the property||X|
|Certificate of insurance||X||X|
Additional property papers
We need the following documentation for
- building leases: the building lease contract with all supplements and current ground rent
- full or partial ownership: self-containment certificate and partition statement
- publicly subsidised housing construction: subsidy notes and regulations
Depending on the type and condition of the property, further documentation or information may be required.
Surveyors for determining the mortgage lending value and for inspection
DZ HYP's surveyors evaluate the property earmarked for lending. Determining the mortgage lending value usually takes place between agreeing on binding terms and conditions and the loan commitment. First, our valuation office complements the property documents you handed in by way ofadditional information such as rent index, property prices or general data on the location. The surveyor arranges an inspection appointment with an employee from the technical department of your company.