View Single Post
  #4  
Old 09.01.2017, 17:06
amogles's Avatar
amogles amogles is offline
Forum Legend
 
Join Date: Mar 2008
Location: Zurich
Posts: 8,497
Groaned at 145 Times in 124 Posts
Thanked 15,072 Times in 6,411 Posts
amogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond reputeamogles has a reputation beyond repute
Re: Mortgage tips and risks

Quote:
View Post
How will the parents give thir daugther the 300k? As a gift or as a loan?
If as a loan I do not think it will count toward the needed 20% self financing. Means the girl as to bring in 200k on her own, wheras as a maximum of 10% of the purchase value can come from pillar 2.
Not sure of the details but there is also something called a Bürgschaft. It means that you can underwrite somebody else's loan and thus accept that if the person you are helping defaults, the bank can come after you and your assets. The bank can ask you to prove you have the wealth to cover such a case. It thus helps if the person taking on the Burgschaft also owns a property and has a mortgage with the same bank. It also helps if the person is a direct family member as this makes things simpler in case of death/inheritance.
Reply With Quote