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Old 08.06.2007, 13:40
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Swiss mortgage on UK property?

Hello

Is it possible to get a Swiss mortgage on a property in the UK or am I barking up the wrong tree?

Thanks

Julian
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Old 08.06.2007, 13:53
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Re: Swiss mortgage on UK property?

I do not believe you will get a swiss mortage on UK property. What the banks are willing to do . If you are able to put up something as collateral eg a house here in Switzerland would be to increase the mortage on your house in Switzerland . They would then give you the cash to use as a UK mortage. Bear in mind that this info will be passed on to the taxing authorities. You would then have to declare the property overseas on your taxable income. The amount for this is however minimal.
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Old 08.06.2007, 14:18
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Re: Swiss mortgage on UK property?

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Hello

Is it possible to get a Swiss mortgage on a property in the UK or am I barking up the wrong tree?

Thanks

Julian
Yes it is entirely possible. Note that you cannot ask a kantonal bank to do this but the others are open to such ideas. Doesn't mean to say they will say yes but they are open to it.
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Old 08.06.2007, 14:52
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Re: Swiss mortgage on UK property?

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Hello

Is it possible to get a Swiss mortgage on a property in the UK or am I barking up the wrong tree?

Thanks

Julian

No, it's not and yes you are.
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Old 08.06.2007, 14:54
swissbob
 
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Re: Swiss mortgage on UK property?

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Yes it is entirely possible. Note that you cannot ask a kantonal bank to do this but the others are open to such ideas. Doesn't mean to say they will say yes but they are open to it.
Richard, could you name that bank.
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