The Swiss mortgage market is constantly evolving. Thanks to the falling rates, citizens are numerous to buy flat, house or land. Nevertheless, getting the funding for his future property is sometimes the war of the nerves. How to find the best mortgage deal? Which solution to acquire the 20% of deposit required? We will try to answer some of your questions in several points.
The real estate financing in Switzerland is relatively demanding. Indeed, the crisis of the 90’s has lead to Swiss banking establishments to increase the guarantees that are required towards their clients. In general, these lasts are lending up at 80% of the selling price. The remaining amount and the acquisition costs are covered by the deposit, usually 20% minimum. These one can come from:
The real estate market in Switzerland is very vast and competitive. There are thousands of mortgage offers who could possibly tempt the buyer. Nevertheless, before getting engaged it is important to compare the different offers that are available on the market. Indeed, a difference of mortgage cost can on the duration save you thousands of francs.
The mortgage who belongs to everyone doesn’t exist. An optimal solution is taking under account the financial margin, the capacity and the risk of the borrowers, etc… In Switzerland it exists three kinds of mortgage the: