Finanzierungsbestätigung vs. Unwiderrufliche Zahlungsversprechen

Real Estate
1

Let’s say I received the Finanzierungsbestätigung from UBS after submitting all standard documents (ID, permits, salary slips, tax return, equity proof, and property details).

Regarding the next step:

  1. What additional documents will be required by UBS between the Finanzierungsbestätigung and the unwiderrufliche Zahlungsversprechen?

  2. How do changes in my personal situation affect the final approval? For example, changing from a corporate job to opening a startup.

    How do these factors impact the approval in the following cases:

  • One day before asking for the unwiderrufliche Zahlungsversprechen
  • One day after receiving the unwiderrufliche Zahlungsversprechen
  • When I actually need the mortgage (2 years from now)

Thank you!

2

Not sure what you are trying to get answered. My take: any promise such as Finanzierungsbestätigung and/or unwiderrufliches Zahlungsversprechen is based on the current situation. If you already know that this situation will change, you would need to mention it. Otherwise, the situation on both sides can change any time after signing a contract. It’s just the risk of doing business and you would need to deal with a different situation once it has occurred.

On a pragmatic side, once you have signed a contract, I assume USB will not continue to check all aspects of the agreement as long as you pay the mortgage interest on time.

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