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03.09.2015, 21:04
| | Newbie 1st class | | Join Date: Aug 2015 Location: WORLD
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| | | Buying in Switzerland
Hey there guys,
was wondering what is the required capital deposit percentage in Switzerland to get a mortgage.
I know this differers across Europe, just a guideline would be great to know for the future.
Thanks
Eugene
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03.09.2015, 21:07
|  | Forum Legend | | Join Date: Dec 2010 Location: Fribourg
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| | | Re: Buying in Switzerland
| Quote: | |  | | | Hey there guys,
was wondering what is the required capital deposit percentage in Switzerland to get a mortgage.
I know this differers across Europe, just a guideline would be great to know for the future.
Thanks
Eugene | | | | | I believe it's still 20%.
| | This user would like to thank TiMow for this useful post: | |
03.09.2015, 21:16
| | Newbie 1st class | | Join Date: Aug 2015 Location: WORLD
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| | | Re: Buying in Switzerland
Thanks so much!
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03.09.2015, 21:32
| | Forum Legend | | Join Date: Dec 2010 Location: Fribourg
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| | | Re: Buying in Switzerland
Pension funds, in some circumstances, can be used as part of the 20%.
[my wife has used one of hers to this effect - but as I plan to knock her off before retirement comes, it's irrelevant - her life assurance is more valuable]
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03.09.2015, 23:07
| | Newbie 1st class | | Join Date: Aug 2015 Location: WORLD
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| | | Re: Buying in Switzerland
| Quote: | | | | | Pension funds, in some circumstances, can be used as part of the 20%.
[my wife has used one of hers to this effect - but as I plan to knock her off before retirement comes, it's irrelevant - her life assurance is more valuable] | | | | | Hahaha. OK well no pension fund this end and no wife as yet, certainly will make sure I get my wife future wife fixed up with both. Best to leave ones options open!!  |
03.09.2015, 23:17
| | Forum Legend | | Join Date: Mar 2009 Location: Zurich
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| | | Re: Buying in Switzerland
| | This user would like to thank Chuff for this useful post: | | | This user groans at Chuff for this post: | |
04.09.2015, 06:45
| | Forum Legend | | Join Date: Oct 2014 Location: Ostschweiz
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| | | Re: Buying in Switzerland
I think it's at least 10% cash, no more than 10% from your 2nd pillar, together at least 20% of the mortgage.
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04.09.2015, 09:05
| | | | Re: Buying in Switzerland
| Quote: | | | | | Thanks so much! | | | | |
Yes.............so much ! |
04.09.2015, 09:35
| | Banned | | Join Date: Jul 2015 Location: Aargau
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| | | Re: Buying in Switzerland
| Quote: | | | | | Pension funds, in some circumstances, can be used as part of the 20%. | | | | | True, but your income will be significantly decreased if that pension fund has to pay out an invalidity or old age/retirement pension, something the bank/pension fund might not inform you about when trying to withdraw! I was offered this option when I set up my mortgage but I didn't take it, I preferred to pay the 20% in cash, thankfully a very wise move, as otherwise I might have found myself without a proper income now!
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