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Old 13.08.2014, 13:11
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Type of mortgage on current rates

Hi, no one can predict the future and this isnt attempting to make people do so. but given rates have come down recently (mortgage anyway) and a 10 year fix is available at say 1.5%, it means low fixes, 3 years, are really peanuts, 0.5% or around.

If you were setting your mortgage now do you think 10 year still provides the best option or is 3 year a good bet given that in 3 years the rate will have moved only a little....... or a lot maybe ????

Just a posting asking for opinions, of course no one can really tell what will happen.
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Old 13.08.2014, 13:17
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Re: Type of mortgage on current rates

who is offering 10yrs at 1.5%, the best rates I am seeing are around 2%. Please let me know thanks. I prefer to fix for the longest period possible as the rates are at historic lows
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Old 13.08.2014, 13:18
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Re: Type of mortgage on current rates

Oh boy! Here we go again!
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Old 13.08.2014, 13:48
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Re: Type of mortgage on current rates

i'd take 3 years for the portion i want to pay off in 3 years time and 10 years for the bit i want to pay back no sooner than 10 years.
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Old 13.08.2014, 13:50
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Re: Type of mortgage on current rates

My only reservation for setting a longer term fixed rate is that we might buy in a couple of years and wouldn't want to incur the penalty.
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Old 13.08.2014, 13:56
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Re: Type of mortgage on current rates

I'm also looking at fixing for 10 years at the moment, but haven't found anything near 1.5%.

Swissquote are offering around 1.6% but only have the documentation in German which I'm not prepared to do.
Zurich are offering 1.7% but as an insurance company they are limited in who they can offer to (apparently they can only do up to 65% of the purchase price, and also can't do mortgages for renovations).
Migros and PostFinance are around 1.9% depending on what you can negotiate, which is what I'm probably going to end up with...
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Old 13.08.2014, 14:00
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Re: Type of mortgage on current rates

Just to add, we renegotiated part of our mortgage at 1.2% for 2 years with PF.
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Old 13.08.2014, 15:11
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Re: Type of mortgage on current rates

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who is offering 10yrs at 1.5%, the best rates I am seeing are around 2%. Please let me know thanks. I prefer to fix for the longest period possible as the rates are at historic lows
this broker

http://d-l.ch/en/contact

This week they are at 1.69% but a couple of weeks ago they had done 1.49% and 1.59% for 10 year fixes.
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Old 13.08.2014, 15:12
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Re: Type of mortgage on current rates

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My only reservation for setting a longer term fixed rate is that we might buy in a couple of years and wouldn't want to incur the penalty.
depends on the exit penalty though. you can move with a mortgage and you can also sell it, so I dont see them as huge disadvantages. if you take it with you its a competetive rate, if you are selling then you can sell with your mortgage. yes there is risk, but it balanced against the other risk of a short term fix and rates rise when you are due to remortgage.
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Old 13.08.2014, 15:14
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Re: Type of mortgage on current rates

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i'd take 3 years for the portion i want to pay off in 3 years time and 10 years for the bit i want to pay back no sooner than 10 years.
no repayment is wanted. interest only.
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Old 13.08.2014, 15:21
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Re: Type of mortgage on current rates

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this broker

http://d-l.ch/en/contact

This week they are at 1.69% but a couple of weeks ago they had done 1.49% and 1.59% for 10 year fixes.
Interesting - I'm also trying to organise a meeting with them at the moment. I know the rate they show on their homepage isn't always for 10 years - could it have been 1.49% for a shorter period that you saw?

Anyway, have you already talked to them/met them? Would be interested to hear what you thought.

Thanks,
GS
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Old 13.08.2014, 15:32
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Re: Type of mortgage on current rates

According to their website, Comparis are saying HypoPlus has managed to arrange mortgages at 1.5% for 10 years within the last 7 days:

http://en.comparis.ch/hypotheken/zin...elfusageonly=0
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Old 14.08.2014, 11:45
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Re: Type of mortgage on current rates

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this broker

http://d-l.ch/en/contact

This week they are at 1.69% but a couple of weeks ago they had done 1.49% and 1.59% for 10 year fixes.
They are such a waste of time I can't begin to explain.

Just go to UBS directly and you will get the lowest quote on the market and it will be the very same like D-L.
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Old 14.08.2014, 11:59
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Re: Type of mortgage on current rates

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They are such a waste of time I can't begin to explain.

Just go to UBS directly and you will get the lowest quote on the market and it will be the very same like D-L.
Looks like it is a variable experience. I contacted them on a recommendation of a colleague who had a very good experience with them. Of course if you went to the Geneva office this could be entirely different from the experience at the vevey / lausanne end.
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Old 14.08.2014, 12:44
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Re: Type of mortgage on current rates

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Looks like it is a variable experience. I contacted them on a recommendation of a colleague who had a very good experience with them. Of course if you went to the Geneva office this could be entirely different from the experience at the vevey / lausanne end.
I contacted them after recommendation from 2 folks who were happy, I guess I should have been as well but I did my own research paralegal to their, only to find out they don't do anything to bring the rate down, at least in my case. I got their preferential rate from UBS which was the same advertised on the UBS web page. If you haven't checked UBS like in my case than you will be very happy with them.

I went in their Lausanne office.
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Old 14.08.2014, 12:46
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Re: Type of mortgage on current rates

And when I asked why the faf do you promise me a lower rate: "ahhh sir, you know, it depends entirely on each and every person situation!"
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Old 14.08.2014, 15:22
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Re: Type of mortgage on current rates

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They are such a waste of time I can't begin to explain.

Just go to UBS directly and you will get the lowest quote on the market and it will be the very same like D-L.
Well I just talked to UBS and they were offering me 2.15-2.2% for a 10 year fix. I already have an offer from PostFinance at 1.9-1.95% so UBS are pretty far from being the best available rate for me...
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Old 14.08.2014, 15:52
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Re: Type of mortgage on current rates

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Well I just talked to UBS and they were offering me 2.15-2.2% for a 10 year fix. I already have an offer from PostFinance at 1.9-1.95% so UBS are pretty far from being the best available rate for me...
they did the same to me. i then went back with the best quote and gave them the opportunity to match it.
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Old 14.08.2014, 16:09
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Re: Type of mortgage on current rates

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they did the same to me. i then went back with the best quote and gave them the opportunity to match it.
I told them what I'd already been offered and they said no chance...
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Old 14.08.2014, 17:32
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Re: Type of mortgage on current rates

Hold on as long as you can, the trend on the 10 year yield is pretty clear:

http://www.snb.ch/en/iabout/stat/sta...hange_rates#t2

I know that there is a margin on this for the 10 year swap rate, but there is a correlation on the Swiss Bond Yield and the 10 year Swap Rate.
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