You want to buy a property in Germany and use an existing Bausparvertrag to finance it. In your planning there is an expected allocation month. However, the purchase price must be available on a specific date. These two details must match before you rely on the financing: an expected allocation is not a secured payout on the purchase price date.
Separate saved balance, Bausparsumme and available loan
BaFin describes the Bausparsumme as the interplay of the saved portion with the possible Bauspardarlehen. Tariff conditions and prerequisites are decisive; creditworthiness and collateral for the loan are also part of it. [BAFIN] A sum printed in large type in the contract is therefore not automatically freely available equity today.
Our practical recommendation: Have the concrete status itemised. Which balance exists, which allocation prerequisites are fulfilled and which loan checks are still outstanding? Use actual information about your own contract. An old sample calculation for a different tariff can confirm the wrong expectation, even though your account is managed correctly.
Why the estimated month does not replace a firm commitment
§ 4 Absatz 5 Bausparkassengesetz prohibits Bausparkassen from committing to pay the Bausparsumme at a specific time before allocation. [GESETZ] BaFin explains the uncertainty of the allocation timing and the influence of several factors within the Bauspar collective. [BAFIN]
This means for your purchase plan: Mark an expected date as an expectation. Ask specifically which payout can already actually be promised and which prerequisites are still outstanding. A friendly note about a “normally suitable month” must not silently acquire the status of a binding source of payment in the financial plan.
If the purchase is to take place earlier
BaFin describes pre-financing or interim loans to bridge until allocation. In doing so, loan interest and further saving can initially occur alongside each other. Whether enough has already been saved determines the described routes. [BAFIN]
Our editorial recommendation: Get a concrete total offer before you plan such a bridge. Which ongoing payments arise initially, which later and what happens in the event of delayed allocation? In addition to the advertised later instalment, also check the first phase with its actually required payments and collateral.
Compare two financing routes for the same purchase
Compare a confirmed complete financing route with the combination of a bridge and a later Bauspardarlehen. The starting point remains the same purchase price, the same timing and the same freely available equity. Otherwise an offer appears cheaper because a payment has merely disappeared from the comparison calculation.
Take existing contract costs, additional completion costs of the new offer and the intended repayment of the bridge into account, insofar as they actually occur. This article does not assume market-standard fees or a universal ranking of offers. What matters is the reliable payment plan for your specific project.
An imaginary purchase with a one-month difference
In the invented case Jonas is to finance a purchase price share of 140.000 euros in September. His Bauspar plan names October as the expected allocation. He cannot simply close this gap with the remark that it is only a few weeks.
Jonas asks for a timely available complete offer and about the consequences of a longer delay. He compares the entire first financing phase with the alternative offer. If binding coverage is missing at the required date, the planned purchase process is not yet financed. The examples name neither an offered interest rate nor an actual commitment from a Bausparkasse.
Only plan definitively once the transition is clarified
An untimely termination of the Bausparvertrag is also not a universal immediate solution. BaFin points to possible waiting times and the specific contractual conditions for early payout. [BAFIN] Therefore have the actual consequences explained to you before you give up an existing route.
In the end you need a plan from the first purchase payment to the later loan phase. Each transition receives a confirmed status or remains open. That way you use the Bausparvertrag as part of a verified financing, instead of making the purchase dependent on a still estimated payout date.