01 · Key points
What matters for this topic
Coordinate construction and disbursement schedules
Compare commitment-interest-free periods
Clarify when equity must be used
Allow for construction delays
02 · Be prepared
Points you should not underestimate
- An interest-free drawdown period that is too short
- An unclear payment schedule
- No buffer for delays
03 · Documents
Commonly required documents
The documents actually needed depend on the lender, your plans and personal circumstances. The following are often useful for preparation:
04 · Practical example
What an assessment might look like
If construction is delayed, commitment interest can offset an initially attractive rate. The drawdown deadline therefore belongs in the comparison.
This example is illustrative only and is not a mortgage commitment or quotation of terms.05 · Frequently asked questions
Questions about Commitment interest on new builds
When is commitment interest charged?+
After the agreed interest-free period, on loan amounts that have not yet been drawn.
Can these charges be avoided?+
Not always entirely, but suitable deadlines, realistic construction planning and coordinated disbursement can often reduce them.
Important information
The information on this page is general. It does not replace individual mortgage, legal or tax advice and is not a binding credit commitment. Requirements and terms are assessed individually.