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Old 03.01.2020, 13:01
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Re: Can I take out a mortgage in Switzerland for a property abroad?

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The EU directive makes this pretty much impossible now. The quick summary is that if a bank give you a mortgage loan for a property in the EU and it is not in the same currency as that which you are paid in, then they are left very exposed for the FX consequences of the loan.
The bank would not be exposed - it hedges the FX.

The client is exposed, and that's the purpose - if you think that the loan currency will get cheaper you can exercise that view by taking that loan.

Then there is the discussion - should one try and take a position on their FX view, with the single largest investment of their lives?
Let's not forget that for most people, buying a house is going all-in with leverage
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