Thread: House buying
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Old 31.03.2008, 13:47
chrissolo chrissolo is offline
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Re: House buying

Can somebody clarify a bit how the withdrawal of pension savings (2. and 3. säule) works in practice? I've been told that you first need to be the legal owner of the apartment or house before you can withdraw the pension savings. But in order to get the mortgage and legal ownership you must have the (usually) 20% down payment, which in our case we don't reach without the funds from the 2. and 3. säule. Is this right? It seems like some sort of catch-22 to me...

Thanks for your help
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