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Old 03.09.2015, 21:04
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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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Old 03.09.2015, 21:07
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Re: Buying in Switzerland

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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%.
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Old 03.09.2015, 21:16
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Re: Buying in Switzerland

Thanks so much!
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Old 03.09.2015, 21:32
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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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Old 03.09.2015, 23:07
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Re: Buying in Switzerland

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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!!
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Old 03.09.2015, 23:17
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Re: Buying in Switzerland

http://lmgtfy.com/?q=switzerland+mortgage+guide
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Old 04.09.2015, 06:45
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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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Old 04.09.2015, 09:05
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Re: Buying in Switzerland

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Thanks so much!

Yes.............so much !
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Old 04.09.2015, 09:35
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Re: Buying in Switzerland

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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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