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Old 25.10.2021, 15:25
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If you had to add a significant sum to your mortgage ...

where would you turn to? Our current mortgage is with UBS.

New roof! and it is a BIG roof! 480 m2!

Last edited by JackieH; 25.10.2021 at 17:24.
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Old 25.10.2021, 16:54
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Re: If you had to add a significant sum to your mortgage ...

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where would you turn to? Our current mortgage is with UBS.

New roof! and it is a BIG roof!
Crumbs ... already wincing at the thought of that bill. We also bank with UBS but used the Kantonalbank (Zürich in our case) for our mortgages. We found them much more flexible and have also made some preliminary enquiries on borrowing money for house renovation.
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Old 25.10.2021, 17:17
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Re: If you had to had a significant sum to your mortgage ...

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Had a meeting with ubs and got a ten year extension for 1.19% _ they were pushing me to borrow more but I don't have a project that I want to do.
Just put in on the number 23 in the casino.
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Old 25.10.2021, 17:42
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Re: If you had to add a significant sum to your mortgage ...

Try these guys. https://key4.ch/en/

A UBS company.
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Old 25.10.2021, 22:12
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Re: If you had to add a significant sum to your mortgage ...

Did you look at roof renovation rather than replacement?
I don't know if this is a possibility in Switzerland, in other countries this is a much cheaper option, especially if you are older and do not want to build a solution that is good for 80 years.
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Old 25.10.2021, 22:14
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Re: If you had to add a significant sum to your mortgage ...

Yes, getting several estimates with different 'levels' of renovation. Scafolding alone is huge! And swapping copper for zinc makes huge difference. But still talking about large sum! 75-100K.
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Old 25.10.2021, 22:27
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Re: If you had to had a significant sum to your mortgage ...

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Had a meeting with ubs and got a ten year extension for 1.19% _ they were pushing me to borrow more but I don't have a project that I want to do.

You're getting a good rate. We were quoted today for a brand new mortgage 10y fixed with UBS for 1.3%
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Old 25.10.2021, 22:29
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Re: If you had to add a significant sum to your mortgage ...

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Yes, getting several estimates with different 'levels' of renovation. Scafolding alone is huge! And swapping copper for zinc makes huge difference. But still talking about large sum! 75-100K.
You thought about getting a quote from a French company?
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Old 25.10.2021, 22:46
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Re: If you had to had a significant sum to your mortgage ...

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You're getting a good rate. We were quoted today for a brand new mortgage 10y fixed with UBS for 1.3%
I assume you are getting quotes from a variety of mortgage providers like comparis.ch, moneypark.ch, and valuu.ch.
I am not recommending you to use these, just suggesting them to give you an idea of market rates to further discuss with UBS.
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Old 25.10.2021, 23:48
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Re: If you had to add a significant sum to your mortgage ...

Are you on a fixed term or a variable rate mortgage with UBS? If it’s the former then other lenders aren’t going to be interested in lending to you, as what you would effectively be doing is adding another tranche to your mortgage and banks don’t like splitting the mortgages between each other. Hence your only realistic option is UBS until your fixed term ends (all of them if you have multiple tranches). If it’s a variable rate, consult the market comparators recommended above.
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Old 26.10.2021, 08:37
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Re: If you had to add a significant sum to your mortgage ...

Are you considering the use of solar panels? There are many rebates if you use these. Just my 2c worth....
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Old 26.10.2021, 10:28
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Re: If you had to had a significant sum to your mortgage ...

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You're getting a good rate. We were quoted today for a brand new mortgage 10y fixed with UBS for 1.3%
Check that Key4 link I posted above they are saying ‘from’ 0.94% for 10 years fixed.
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Old 26.10.2021, 11:47
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Re: If you had to add a significant sum to your mortgage ...

not covered by house insurance? or just something you want to do?

Last edited by DL21; 26.10.2021 at 12:45.
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Old 26.10.2021, 12:13
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Re: If you had to add a significant sum to your mortgage ...

Why would an old and tired roof be covered by insurance ?


Solar panels are a good idea, depending on the orientation of your roof, the cost will be recovered in the selling price of the house.



Banks do not split mortgages between themselves, if you are with UBS then you will either have to stay with them or change the full mortgage to another provider.


Depending on your circumstances this maybe difficult, pensioners with little revenue do not excite banks to increase the debt ration unfortunately.


Scaffolding costs what it costs, irrelevant if you use zinc or copper flashing. It you try and do a cheap job, that is what it will look like and you will not regain any of this when you come to sell but by doing the work properly and to a high standard, this will be reflected in the eventual sales price.


You could maybe consider selling and down-sizing.


You could possibly consider selling as a Viager property via Savinter.ch. This would allow you to stay in your house and give you some capital to use now.
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Old 26.10.2021, 12:17
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Re: If you had to add a significant sum to your mortgage ...

Roof damage that is leaking would be covered by insurance.
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Old 26.10.2021, 12:23
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Re: If you had to add a significant sum to your mortgage ...

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Roof damage that is leaking would be covered by insurance.
The key word there is damage.
If the roof was damaged by some external factor then there would be insurance coverage, if it started to leak due to age and wear and tear then the insurance will not cover it.
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Old 26.10.2021, 12:43
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Re: If you had to add a significant sum to your mortgage ...

Jackie IIRC you have a historic house. Have you checked to see if there are additional subsidies or tax credits for historic preservation?

Be carefu,l though, if you need to seek Denkmalschutz status. Denkmalschutz can be a double edged sword...
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Old 26.10.2021, 12:45
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Re: If you had to add a significant sum to your mortgage ...

yes the key word is damage.
i've no reason to guess whether OP's roof is damaged or just old. it wasn't specified. hence the perfectly reasonable question of whether it was covered by insurance.

swiss house insurance covers a lot more than in most other countries, no questions asked, so i thought it's worth pointing it out!
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Old 26.10.2021, 12:47
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Re: If you had to add a significant sum to your mortgage ...

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Jackie IIRC you have a historic house. Have you checked to see if there are additional subsidies or tax credits for historic preservation?

Be carefu,l though, if you need to seek Denkmalschutz status. Denkmalschutz can be a double edged sword...
if it's maintenance it will be tax deductible anyway. only helps if you have an income of course.
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Old 26.10.2021, 13:44
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Re: If you had to add a significant sum to your mortgage ...

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not covered by house insurance? or just something you want to do?
House insurance don't cover ageing rooves. Our house dates from the 16C and the last roof was probably 1940s. Just needs constant repairs and tiles have become thin and easily broken.

We have thought about doing part of the roof in solar panels, integrated- to cut down on roofing cost, but strangely enough it would be even more expensive and if we add solar panels, as we have SW orientation- it would be on top.
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