Thread: House buying
View Single Post
Old 02.06.2006, 13:45
smbuzby's Avatar
smbuzby smbuzby is offline
Senior Member
Join Date: Feb 2006
Location: Embrach North of Zurich City
Posts: 348
Groaned at 2 Times in 2 Posts
Thanked 125 Times in 74 Posts
smbuzby has earned some respectsmbuzby has earned some respect
Re: House buying

I dont consider it rude!

A bank is a finaincial instition that will findamentally refuse to rsik its money. I find it very doubtful indeed tht yuu can get a 100% mortgage here. I'm not saying it's not the case, merely that you willl eb able to know me over with a feather if true. This approach only works in the UK in areas/on property who's value is increasing or the house is sold below it's full potential value.

We put down quite a substantial deposit, in the region of 30%. We are cashing in our pension funds to provide some of this money. The money saved in mortage payments, far exceeds the gains in the pension fund ;o) There is a small tax to pay on refunding it, but it's peanuts to the standard tax you pay on the salary in any case.

The information on taxes, and on tonnes of other stuff too, can be found on the cantonal web pages, the one for Zurich is even in English, but I'm afraid the detailed pages such as on taxes, is all in German - I always need help for this!
Reply With Quote