Cancel Home Savings Contract — done in just a few minutes
End your home savings contract (Bausparvertrag) properly. Our AI creates a legally compliant cancellation letter taking into account the special rules for home savings contracts.
Important Tips
- The notice period is typically 3-6 months depending on the building society and tariff
- Government bonuses (Wohnungsbauprämie, Arbeitnehmersparzulage) may be forfeited upon early cancellation
- The initial fee (1-1.6% of the contract sum) is not refunded upon cancellation
- Check whether your contract has already reached allocation maturity — different rules apply
Notice Period
The notice period for home savings contracts is 3 to 6 months depending on the tariff and building society. Before allocation maturity, the saver can cancel at any time subject to the notice period. After allocation maturity, the building society may also cancel the contract.
Address
An Ihre Bausparkasse
How It Works
Describe
Describe in plain language what you want to write.
AI Creates Your Letter
Our AI generates a professional letter in DIN 5008 format.
Sign & Receive
Sign digitally and receive the finished PDF by email.
Frequently Asked Questions
What happens to my savings when I cancel the home savings contract?
Upon cancellation, you receive your accumulated savings including interest. However, the initial fee is not refunded. Note that government bonuses must be repaid if cancelled early (before the 7-year lock-in period expires).
Do I lose the Wohnungsbauprämie if I cancel?
If you cancel the home savings contract before the 7-year lock-in period expires and do not use the savings for housing purposes, you must repay the Wohnungsbauprämie received. After the lock-in period, the bonus is retained.
When does it make sense to cancel a home savings contract?
Cancellation can make sense if you do not need the home savings loan, have better investment alternatives, or the contract's interest rate is below the current market level. Seek independent advice beforehand.
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End your home savings contract (Bausparvertrag) properly. Our AI creates a legally compliant cancellation letter taking into account the special rules for home savings contracts.
Create home savings cancellation