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  #21  
Old 20.08.2019, 15:02
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Re: Swiss bank leanding for real estate in EU country

Mortgage meeting request sent to Kantonalbank & Clientis with a request to hold the meeting in English, let's see how that goes down...
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  #22  
Old 21.08.2019, 18:28
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Re: Swiss bank leanding for real estate in EU country

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Credit Suisse: Non.
UBS: Nein.

Clientis also politely declined to engage on overseas mortgage.
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  #23  
Old 21.08.2019, 18:54
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Re: Swiss bank leanding for real estate in EU country

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Clientis also politely declined to engage on overseas mortgage.
Sorry, it may be they are only keeping on existing ones and no longer accepting new clients for that.

SHKB information from 2017 which I have dug out for you - obviously these conditions may have changed since then:

Die SHKB bietet unter gewissen Voraussetzungen grenzüberschreitende Immobilienfinanzierungen an. Hier die heute gültigen, wichtigsten Eckpunkte für grenzüberschreitende Finanzierungen:


· Wohnwirtschaftliche Nutzung

· Maximal erstrangige Beleihung von 70 % des aktuellen Marktwertes der Immobilie

· Amortisation von mind. 2% - 4 % p.a. je nach Belehnung und Alter des Kunden

· Einmalige Bearbeitungsgebühr CHF 500.00

· Problemlose Tragbarkeit der Zinsen, Tilgung und Nebenkosten (33% vom Nettoeinkommen)

· SHKB ist/wird Hausbank

· Einkommen CHF

· Mindestbetrag CHF 150‘000


I now remember why I did not go with SHKB.
They have a minimum amount for the mortgage of CHF 150'000 which I found a little odd, - n.b. this is not the deposit - this is the minimum amount they loan for it. As we had quite a bit of money to invest as a deposit, from the sale of a Swiss property, we didn't need a mortgage for that much and as such proceeded with a German bank who did us a mortgage for a lower amount.
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  #24  
Old 21.08.2019, 19:12
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Re: Swiss bank leanding for real estate in EU country

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Sorry, it may be they are only keeping on existing ones and no longer accepting new clients for that....
Ok, that useful & generous of you to dig up. KB have replied on email to set up a call meeting. I feel a little better armed going into the meeting with this context albeit LUKB. The 150,000 min is not an issue for me in this case.
Thanks Clocker.
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Old 22.08.2019, 10:48
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Re: Swiss bank leanding for real estate in EU country

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In my experience the answer has been no.
You'll also probably get a no from any other bank in Europe as they were burned not that long ago when a significant count of mortgage holders defaulted on mortgages denominated in currencies other than the country where the property was located.

There is also an EU directive preventing mortgages being granted to non Euro earners for property in EU.
Not sure where you get that from, but I'd have no trouble getting a mortgage from a big Dutch bank to buy a property there while living and working in Switzerland. The only requirement is that I will have to bring in at least 15% cash (to cover any currency conversion risks etcetera).
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  #26  
Old 22.08.2019, 10:49
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Re: Swiss bank leanding for real estate in EU country

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Not sure where you get that from, but I'd have no trouble getting a mortgage from a big Dutch bank to buy a property there while living and working in Switzerland.
Which currency is your mortgage in?
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  #27  
Old 22.08.2019, 10:52
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Re: Swiss bank leanding for real estate in EU country

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which currency is your mortgage in?
Euros.
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  #28  
Old 22.08.2019, 10:54
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Re: Swiss bank leanding for real estate in EU country

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Not sure where you get that from, but I'd have no trouble getting a mortgage from a big Dutch bank to buy a property there while living and working in Switzerland. The only requirement is that I will have to bring in at least 15% cash (to cover any currency conversion risks etcetera).
Hmm, I hear you live & work in CH but are you paid in Euros by any chance? Are you Dutch. Would you mind naming the bank please?
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  #29  
Old 22.08.2019, 11:11
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Re: Swiss bank leanding for real estate in EU country

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Euros.
The risk of this is, if you are earning in Swiss francs and the franc were to weaken significantly against the Euro, then your monthly mortgage payment would be eating into more of your monthly income.
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  #30  
Old 22.08.2019, 11:12
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Re: Swiss bank leanding for real estate in EU country

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There is also an EU directive preventing mortgages being granted to non Euro earners for property in EU.
This - as written - is complete rubbish. Your wording would mean a UK bank can't lend to a UK GBP earner on property in the UK.

Anyway, I certainly know plenty of CHF earners with mortgages on property in Austria, although all with Austrian or (in one case) German banks. Borrowing from a Swiss bank is not impossible but difficult as they are generally unwilling to lend if the security is a foreign asset. Depends on who you are and the bank.
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  #31  
Old 22.08.2019, 12:05
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Re: Swiss bank leanding for real estate in EU country

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Hmm, I hear you live & work in CH but are you paid in Euros by any chance? Are you Dutch. Would you mind naming the bank please?
ABN AMRO.

I am indeed Dutch but living and working here (and paid in CHF), but have a written confirmation from them that I could get a mortgage in EUR to buy a property there - assuming I can bring in at least 15% in cash.
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  #32  
Old 22.08.2019, 13:12
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Re: Swiss bank leanding for real estate in EU country

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ABN AMRO.

I am indeed Dutch but living and working here (and paid in CHF), but have a written confirmation from them that I could get a mortgage in EUR to buy a property there - assuming I can bring in at least 15% in cash.

Here in Switzerland you need to bring 20% to the table before they start talking


Poland..........too far away, different language & culture, highly unlikely any Swiss bank wants to take this risk on. If it was in Germany/Austria/France/Italy, closer to home, common language and economic situation you may have a chance.
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  #33  
Old 22.08.2019, 13:24
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Re: Swiss bank leanding for real estate in EU country

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Here in Switzerland you need to bring 20% to the table before they start talking
There are exceptions made to this and the 20% does not have to be in cash. I believe 10% (or 50% of the 20%) however.
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  #34  
Old 22.08.2019, 13:51
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Re: Swiss bank leanding for real estate in EU country

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There are exceptions made to this and the 20% does not have to be in cash. I believe 10% (or 50% of the 20%) however.

Didn't say it had to be in cash, fully
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  #35  
Old 22.08.2019, 14:03
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Re: Swiss bank leanding for real estate in EU country

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This - as written - is complete rubbish. Your wording would mean a UK bank can't lend to a UK GBP earner on property in the UK.

Anyway, I certainly know plenty of CHF earners with mortgages on property in Austria, although all with Austrian or (in one case) German banks. Borrowing from a Swiss bank is not impossible but difficult as they are generally unwilling to lend if the security is a foreign asset. Depends on who you are and the bank.
We go into the detail of the directive as well as the actual text itself a little later in the thread.
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Old 22.08.2019, 14:23
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Re: Swiss bank leanding for real estate in EU country

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We go into the detail of the directive as well as the actual text itself a little later in the thread.
...which doesn't say anything remotely like your statement.
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  #37  
Old 22.08.2019, 15:47
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Re: Swiss bank leanding for real estate in EU country

ok
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  #38  
Old 23.08.2019, 09:16
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Re: Swiss bank leanding for real estate in EU country

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Would Swiss bank lend money to purchase an apartement in EU country? The lender is employeed in CH and has permit B.
Short answer is: No, unless you're a private banking client with several millions in your bank account. The substantial admin effort and higher risk are not justifyable.
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  #39  
Old 23.08.2019, 09:19
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Re: Swiss bank leanding for real estate in EU country

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Short answer is: No, unless you're a private banking client with several millions in your bank account. The substantial admin effort and higher risk are not justifyable.
As already discussed, you don't need millions and I don't see any extra admin involved either. It's certainly possible and would be a standard request in any border region.
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  #40  
Old 23.08.2019, 09:28
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Re: Swiss bank leanding for real estate in EU country

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As already discussed, you don't need millions and I don't see any extra admin involved either. It's certainly possible and would be a standard request in any border region.
Well then, which banks would you recommend? As it is a standard request maybe you can tell OP which ones.
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