Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 04.11.2020, 18:03
Senior Member
 
Join Date: Dec 2006
Location: Pully
Posts: 426
Groaned at 50 Times in 18 Posts
Thanked 184 Times in 106 Posts
muffin is considered a nuisancemuffin is considered a nuisancemuffin is considered a nuisance
Urgent advice pls - latest mortgage rate

Dear all,

we were away from CH for a while but have property there. It's almost time to renew our mortgage but with Covid we are unlikely be able to travel here to do new searches at all.

Would highly appreciate if you could share with us any recent mortgage rate you know if you have friends/family around recently set up a mortgage with your bank.

our apt value price >1mil, mortgage duration to be negotiated =10 years. bank is one of the big one here (not credit suisse

Just a ball part will be good. i'm thinking that i have to start from somewhere at least.....and i know this forum is very resourceful so hopefully could get some wise mind.

thanks a lot.
Reply With Quote
  #2  
Old 04.11.2020, 18:14
aSwissInTheUS's Avatar
Forum Legend
 
Join Date: Nov 2007
Location: Zurich area
Posts: 12,481
Groaned at 98 Times in 87 Posts
Thanked 19,021 Times in 8,454 Posts
aSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond repute
Re: Urgent advice pls - latest mortgage rate

Ball park? Less than 1%
https://www.comparis.ch/hypotheken/default
Reply With Quote
  #3  
Old 04.11.2020, 18:19
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 19,344
Groaned at 412 Times in 306 Posts
Thanked 19,270 Times in 10,364 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Urgent advice pls - latest mortgage rate

Quote:
View Post
Dear all,

we were away from CH for a while but have property there. It's almost time to renew our mortgage but with Covid we are unlikely be able to travel here to do new searches at all.

Would highly appreciate if you could share with us any recent mortgage rate you know if you have friends/family around recently set up a mortgage with your bank.

our apt value price >1mil, mortgage duration to be negotiated =10 years. bank is one of the big one here (not credit suisse

Just a ball part will be good. i'm thinking that i have to start from somewhere at least.....and i know this forum is very resourceful so hopefully could get some wise mind.

thanks a lot.
Is this owner occupied, rented or a second home?
Reply With Quote
  #4  
Old 04.11.2020, 18:50
Forum Veteran
 
Join Date: Jan 2016
Location: Lugano
Posts: 1,031
Groaned at 16 Times in 14 Posts
Thanked 1,217 Times in 556 Posts
LuganoPirate has a reputation beyond reputeLuganoPirate has a reputation beyond reputeLuganoPirate has a reputation beyond reputeLuganoPirate has a reputation beyond repute
Re: Urgent advice pls - latest mortgage rate

10 years with Raiffeisen is 0.99% - 1.02% Can be a bit more or less depending on your relationship with the bank and what assets you hold with them.


Some banks however put you on their standard rate if you're living abroad, and this is +-2.50% Again it depends on your relationship with the bank.
Reply With Quote
The following 5 users would like to thank LuganoPirate for this useful post:
  #5  
Old 04.11.2020, 20:21
AbFab's Avatar
Forum Legend
 
Join Date: Sep 2006
Location: Zürich
Posts: 7,933
Groaned at 336 Times in 228 Posts
Thanked 11,171 Times in 3,870 Posts
AbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond reputeAbFab has a reputation beyond repute
Re: Urgent advice pls - latest mortgage rate

I have just been quoted for renewal next summer between 0.85% for 5 years to 0.96% for 10 years...
Reply With Quote
This user would like to thank AbFab for this useful post:
  #6  
Old 04.11.2020, 21:25
Forum Veteran
 
Join Date: Nov 2007
Location: Vaud
Posts: 1,425
Groaned at 113 Times in 73 Posts
Thanked 1,527 Times in 876 Posts
yacek has a reputation beyond reputeyacek has a reputation beyond reputeyacek has a reputation beyond reputeyacek has a reputation beyond repute
Re: Urgent advice pls - latest mortgage rate

10yr fixed - mostly it is about 0.85%-1.05%, some institutions offer a cancellable mortgage with about 0.1% point more.

Some better rates I saw:
CS via valuu.ch - 0.77%
Postfinance asked directly - 0.75%
Credit Agricole asked via e-Potek.ch - 0.79%

Be warned, some try to sell you an indirect 3a amortisation with a mixed investment and insurance which might a costly "solution" if trying to cancel it before its term.

Last edited by yacek; 04.11.2020 at 21:42.
Reply With Quote
This user would like to thank yacek for this useful post:
  #7  
Old 04.11.2020, 21:48
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,083
Groaned at 275 Times in 181 Posts
Thanked 17,337 Times in 7,333 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Urgent advice pls - latest mortgage rate

I went with BVK:

https://bvk.ch/de/zinssaetze-hypotheken

10 year 0.8%

Pension funds have an advantage over the banks.
Reply With Quote
The following 2 users would like to thank Phil_MCR for this useful post:
  #8  
Old 06.11.2020, 19:42
Verbier's Avatar
Forum Legend
 
Join Date: Jul 2008
Location: Lully VD
Posts: 4,253
Groaned at 16 Times in 16 Posts
Thanked 4,427 Times in 2,263 Posts
Verbier has a reputation beyond reputeVerbier has a reputation beyond reputeVerbier has a reputation beyond reputeVerbier has a reputation beyond reputeVerbier has a reputation beyond reputeVerbier has a reputation beyond repute
Re: Urgent advice pls - latest mortgage rate

To confirm that it is certainly below 1.0% @ 10 years, UBS is advertising on FaceBook today with an offer of 1.0% at 10 years !!
Reply With Quote
This user would like to thank Verbier for this useful post:
  #9  
Old 09.11.2020, 11:22
Newbie
 
Join Date: Nov 2020
Location: Gland
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
detheprasad has no particular reputation at present
Re: Urgent advice pls - latest mortgage rate

Quote:
View Post
I went with BVK:

https://bvk.ch/de/zinssaetze-hypotheken

10 year 0.8%

Pension funds have an advantage over the banks.
Did they give mortgage on 80% of the property value?
what is advantage/disadvantage of big banks like UBS over BVK? I have banking relationship with UBS to it is easier to transact but I am not sure if UBS can match this rate from BVK. thoughts please.
Reply With Quote
  #10  
Old 29.11.2020, 17:21
jacek's Avatar
Forum Legend
 
Join Date: Oct 2007
Location: Aargau
Posts: 8,539
Groaned at 121 Times in 88 Posts
Thanked 6,163 Times in 3,449 Posts
jacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond reputejacek has a reputation beyond repute
Re: Urgent advice pls - latest mortgage rate

Has anyone tried Swissquote’s mortgage rate? The SQ claims that it stands at 0.57%.

https://en.swissquote.com/credit-sol...MaAuVWEALw_wcB
Reply With Quote
  #11  
Old 29.11.2020, 17:33
Banned
 
Join Date: Oct 2020
Location: Basel
Posts: 130
Groaned at 50 Times in 24 Posts
Thanked 147 Times in 87 Posts
BoredToDeath has become a little unpopularBoredToDeath has become a little unpopular
Re: Urgent advice pls - latest mortgage rate

Quote:
View Post
Did they give mortgage on 80% of the property value?
what is advantage/disadvantage of big banks like UBS over BVK? I have banking relationship with UBS to it is easier to transact but I am not sure if UBS can match this rate from BVK. thoughts please.
Depends on what UBS would assess the value of your property. I don't know if this figured into refinancing the property as I have not reached that timeframe. If UBS needs to run their value calculator then you might be in for a surprise as UBS uses housing values that are from 5 to 10 years ago. IN other words UBS undervalues properties by 20-30%. It suits UBS to play this game since they can ask for more cash upfront from their clients.
Credit Swiss smells bad , tried to bump me to 30% down just because.
Raffiesen tries to sell their shitty Pillar 3 with 0.8% service fee.
Big banks always act like big crooks.
Reply With Quote
Reply

Tags
mortgage




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bank doesn't fix mortgage rate before the deal jamon8 Housing in general 29 01.06.2017 14:39
Urgent advice needed --breaking a mortgage muffin Finance/banking/taxation 45 28.03.2017 19:52
Changing banks to benefit from mortgage rate ? daniella Finance/banking/taxation 23 07.12.2012 13:10
Financing mortgage reference rate for leases cereus Permits/visas/government 1 28.06.2012 18:22
What interest rate you got for mortgage ?? krati Finance/banking/taxation 20 03.08.2010 00:23


All times are GMT +2. The time now is 17:54.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0