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Old 17.05.2019, 14:57
Graham S Graham S is offline
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Re: Holiday Apartment Purchase

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Are you paying cash or using a mortgage?

Swiss banks may be particular about mortgages so make sure to read the small print. For example if the appartment depreciates in value they may require that you repay part of the mortgage to protect their risk exposure.

Also make sure that your bank actually allows you to have an account as a non Swiss / non resident. I understand some banks are a bit difficult in that department. You will probably need an account to pay the various bills by direct debit.
Thanks for the response. It would be a cash purchase, no mortgage involved.

We would assume a bank account would be needed for the bills. I had a quick look and I think most of the larger banks should be fine with us.
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