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Old 08.08.2016, 18:42
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Which bank will help you better in buying a house?

Dear all,

My wife and I are considering finding a new bank with the perspective of maybe buying a house in the future.
May I ask which bank is the best for people wanting to buy house? Do banks help you as well in finding a suitable flat to buy? Do banks differ in how much useful consulation they offer?

And, is it possible to buy property with two B-permits, assuming steady jobs?
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Old 08.08.2016, 18:52
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Re: Which bank will help you better in buying a house?

We found the cantonal bank to be quite good.

Tom
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Old 08.08.2016, 19:13
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Re: Which bank will help you better in buying a house?

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We found the cantonal bank to be quite good.

Tom
Agreed, ZKB was the best offer and very helpful.
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Old 08.08.2016, 20:00
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Re: Which bank will help you better in buying a house?

You can buy a property with only one B permit. So long as it's your main residence, it's fine.
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Old 09.08.2016, 09:05
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Re: Which bank will help you better in buying a house?

You'll tend to find the small regional banks (cantonal, Raiffeisen) more helpful with personalized offers. At the big banks (UBS, CS) the impression I got was that they punched their numbers into the computer, hit print and that was it. Indeed I asked myself why they even needed a human to do that.
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Old 09.08.2016, 09:17
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Re: Which bank will help you better in buying a house?

You don't need a long-standing relationship with a bank to get a good mortgage.
Online services seem to have the best rates and they
couldn't care less which bank you use as long as you meet the requirements (my current rate with homegate is 0.92% on a 7-year term).

The only potential advantage of a local bank would be to provide the valuation once you find something you want to buy.
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Old 09.08.2016, 09:37
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Re: Which bank will help you better in buying a house?

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You'll tend to find the small regional banks (cantonal, Raiffeisen) more helpful with personalized offers. At the big banks (UBS, CS) the impression I got was that they punched their numbers into the computer, hit print and that was it. Indeed I asked myself why they even needed a human to do that.
When we were looking for a mortgage for our house CS told us they'd at least match any other offer we received and in fact shaved a bit more off that.
Hubby telling them we were going to move all our accounts to the cantonal bank may or may not have played a part in that.
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Old 04.09.2016, 16:34
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Re: Which bank will help you better in buying a house?

We used Kantonal Bank. Oddly the Migros Bank came back with the lowest interest rate. Credit Suisse were very good service but Kantonal Bank gave us the best all-round service and offer.

Don't be shy about playing them against each other to get the best deal available.
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Old 04.09.2016, 17:08
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Re: Which bank will help you better in buying a house?

Your Cantonal bank.

Raiffeisein did not show interest; I had an email confirmation from Migros Bank based on my firm offer to the agent - and - Migros Bank refused to go along AFTER i had put down the advance!!

Finally negotiated and got the loan from the cantonal bank.
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Old 04.09.2016, 17:10
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Re: Which bank will help you better in buying a house?

I also recommend at least considering cantonal bank and negotiating.

Initially they (ZKB) gave us already an okish offer, and after we showed a quote (which was even non-binding) from another bank, they've matched it and we went with them.
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Old 04.09.2016, 21:13
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Re: Which bank will help you better in buying a house?

Banks are just supermarkets selling money rather than meat, negotiate as much as you can !
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Old 04.09.2016, 23:02
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Re: Which bank will help you better in buying a house?

I always dealt with Raiffeisen for buying property and I would highly recommend it.
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Old 22.09.2016, 14:18
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Re: Which bank will help you better in buying a house?

Go to all compare and choose the best deal for you.
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Old 22.09.2016, 15:03
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Re: Which bank will help you better in buying a house?

No and yes,

Banks won't help you much in finding a place to buy, but based on your account manager, the services they provide may differ.
I used to send the property description and ask for a valuation to check if the price were as expected. Each back has their own valuation method.

After you find a property it is always good to write an email asking for a quote from a few banks.

I found the best deal on ZKB
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Old 05.11.2016, 13:42
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Re: Which bank will help you better in buying a house?

How can one negotiate away the penalty of fixing the mortgage terms for a differed (repayment) date? More specifically, if the mortgage is fixed now for June '17, the bank will offer a higher interest rate (ex. instead of 1% it will be 1.05%).

So far:
Mixed: Libor @ 0.85; 5 yr @ 1%; 10 yr @ 1.4

but if I do it now for June '17, it will be

Mixed: Libor @ 0.85; 5 yr @ 1.05%; 10 yr @1.45

I'm still shopping around. Had a similar experience with Raiffeisen as mentioned in this thread.

Can I eat the cake and have it, too?
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Old 06.11.2016, 11:37
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Re: Which bank will help you better in buying a house?

You always pay a forward premium for securing the rate more that 3 months in advance so extra 0.05% is normal.
However, the rates you're getting are too high to begin with - homegate.ch (online 'arm' of Zürcher Kantonalbank) currently shows 5yr@0.80% and 10yr@1.184%.
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Old 07.11.2016, 14:30
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Re: Which bank will help you better in buying a house?

https://www.ubs.com/global/en/wealth....lightbox.html

UBS house price index is out for Q3.
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Old 15.09.2016, 09:21
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Just bought a house and we are in a similar situation - 2 B permits. We had a good experience with both ZKB and Credit Suisse, with both banks offering good service and willing to negotiate. In the end we went with Credit Suisse since they offered better interest rates for the longer terms (whereas ZKB was offering better interest rates for the shorter terms).

By the way, Credit Suisse also offers contracts in English, whereas ZKB only has German contracts.

Last edited by 3Wishes; 16.09.2016 at 15:22. Reason: merging consecutive replies
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Old 22.09.2016, 11:02
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Re: Which bank will help you better in buying a house?

I also had good experiences with Credit Suisse so far, but I didn't buy a house yet. I've heard good things about Zürcher Kantonalbank and cantonal banks in general. They seem to be more helpful than the "bigger" banks.
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Old 22.09.2016, 11:27
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Re: Which bank will help you better in buying a house?

No positive experience with the big banks. We went to CS and UBS after we got a good offer from ZKB, just to see what they would say and negotiate down the rates even more.

CS just took our documents, rather unwillingly as we weren't a customer with them, and promised to contact us back in a few days. Which they did, and offered us pretty bad rates overall, 0.2% higher than ZKB's offer which we gave them too! No negotiating was possible.

UBS was better, they immediately had an advisor guy who looked through our documents, gave a quick quote, but after seeing ZKB's offer concluded that the best he could do is to only match it after talking to his boss...
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