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  #21  
Old 05.11.2016, 13:41
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Re: Mortgages

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Just be patient and give it time it is really very simply to buy even on a B Permit and sell making a profit BUT just be aware that selling short time incurs a high capital gain but once you get beyond 5 years then it reduces to an acceptable level.

Also treat the majority of posters like the one quoted here with a grain of salt as the EF is full of negative people
OK so it is simple to buy and sell at a profit within 5 years while on a B permit and also having to pay the capital gains for "early" selling?

Maybe you understand the market better, but IMO, you should live in a place for 2-3 years before even having a basic grasp of the local market.
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  #22  
Old 05.11.2016, 13:44
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Re: Mortgages

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Visited but never lived. The plan is eventually to be peregrinating around Europe, staying part of the year in Switzerland.
Nice lifestyle if you can work it!

But keep in mind, a B permit in Switzerland is like a H1B or J visa in the US. You are a temporary resident, no permanent residency rights.

So, would you buy property on a H1B/J visa in the US while working there for a few years? It seems ludicrous to me but I am me and not you!
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  #23  
Old 05.11.2016, 14:33
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Re: Mortgages

After 5 years can apply for c permit?
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  #24  
Old 05.11.2016, 18:33
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Re: Mortgages

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After 5 years can apply for c permit?
Where do you envisage being registered as a permanent resident while you are wending your way around Europe? Don't forget you will have health insurance costs too.
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  #25  
Old 05.11.2016, 18:36
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Re: Mortgages

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After 5 years can apply for c permit?
For EU citizens and in some cases for US and Canadian citizens (?), yes. But then depending where you come from you may have to do a language test before getting a C
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Old 05.11.2016, 18:53
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Re: Mortgages

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For EU citizens and in some cases for US and Canadian citizens (?), yes. But then depending where you come from you may have to do a language test before getting a C
Kein Problem. Quite fancy learning Züridüütsch too.
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  #27  
Old 05.11.2016, 18:53
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Re: Mortgages

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After 5 years can apply for c permit?
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Where do you envisage being registered as a permanent resident while you are wending your way around Europe? Don't forget you will have health insurance costs too.
Residency requirement is 180 days and the law on getting a C or any other permit is currently being looked at.

http://www.englishforum.ch/permits-v...-c-permit.html
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  #28  
Old 05.11.2016, 19:00
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Re: Mortgages

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After 5 years can apply for c permit?
I think you can do it earlier than 5 years.
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  #29  
Old 05.11.2016, 19:35
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Re: Mortgages

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Where do you envisage being registered as a permanent resident while you are wending your way around Europe? Don't forget you will have health insurance costs too.
More seasonal migration than wending.
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  #30  
Old 05.11.2016, 19:43
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Re: Mortgages

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First and second Hypotheke are usual practices across the market
Maybe in the past it used to be like that, but not in my recent experience. I've got even a 90% loan at a single rate, comparable to lowest on the market when I was shopping around. The only thing that changed with loaning more than 65% is that they make you pay back 1% or so per year in order to amortize down to 65% within 15 years - a regulatory requirement.

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I think you can do it earlier than 5 years.
Only if you marry swiss I think
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  #31  
Old 05.11.2016, 20:11
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Re: Mortgages

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I think you can do it earlier than 5 years.
No. Not even sure if being married to a Swiss national would get you one earlier than 5 years.
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  #32  
Old 05.11.2016, 20:39
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Re: Mortgages

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I think you can do it earlier than 5 years.
Yea, if you are married to a Swiss maybe. For the rest, no, definitely not.

Or unless you are a professor or bring in the bags of money etc
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  #33  
Old 05.11.2016, 20:51
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Re: Mortgages

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No. Not even sure if being married to a Swiss national would get you one earlier than 5 years.
Nope, being married to a Swiss doesn't get you a C permit any faster. I had to wait 5 years. This was just last year, so for sure the rules have not gotten easier since then.
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  #34  
Old 06.11.2016, 10:54
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Re: Mortgages

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I think you can do it earlier than 5 years.
Best not to say anything rather than spouting untruths
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  #35  
Old 06.11.2016, 15:31
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Re: Mortgages

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Best not to say anything rather than spouting untruths
Thankyou for the red blobs,Corbets, any thing else to say on this point ?

You cannot get a "C" permit before 5 years, any entry level HR person knows that

Last edited by 3Wishes; 06.11.2016 at 20:30. Reason: Please don't post people's real names, you know the rules. ;)
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  #36  
Old 07.11.2016, 09:46
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Re: Mortgages

I would think that you can do the deposit in securities but the lender will of course demand a big safety margin (and in case of a repeat of 2008/09 he'll probably demand more or force you to sell at the most inopportune time). And even then interest rates may well be higher. To get an idea for these rates, perhaps look up conditions for a Lombardkredit as that's what it effectively amounts to.

Take note that there are significant (to not call it huge) differences between interest rates offered, especially now that insurance companies have joined the fray as lenders. The longest duration I've seen so far is 30 years.

During the last few years a few comparison portals have sprung up, comparis.ch and moneypark.ch come to mind, and also hypoplus.ch. As of this writing and according to moneypark, interest rates on 10-year fixed-term mortgages range from 0.95% to 1.775%, for variable rate based on 3-month LIBOR rates offered are between 0.68% and 1.2%. Keep in mind that these portals have financial interests of their own, some lenders (especially deep-discounters) may deem getting listed by them too expensive.

If you want very-long-term mortgage, you probably should take creditor default risk into account as if that happens your mortgage will probably come due immediately. Many Kantonalbank are guaranteed by the respective Kanton so next to impossible for them to go bankrupt. Hypomat.ch is a discount product of the Glarner Kantonalbank, they're cheaper because a lot of work is done by the costumer when s/he fills out the various forms online.
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  #37  
Old 07.11.2016, 10:01
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Re: Mortgages

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Thankyou for the red blobs,Corbets, any thing else to say on this point ?

You cannot get a "C" permit before 5 years, any entry level HR person knows that
I can't believe I missed this - you posted my real name? Did you have to go all the way to my profile and click on my website to figure it out, or do I know you in real life?

Internet tough guy for the win!

But your red blobs were for hypocrisy, not for untruths; you are perfectly correct, a C permit takes (minimum) 5 years.
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  #38  
Old 07.11.2016, 11:26
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Re: Mortgages

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If you want very-long-term mortgage, you probably should take creditor default risk into account as if that happens your mortgage will probably come due immediately. Many Kantonalbank are guaranteed by the respective Kanton so next to impossible for them to go bankrupt. Hypomat.ch is a discount product of the Glarner Kantonalbank, they're cheaper because a lot of work is done by the costumer when s/he fills out the various forms online.
I think you have got that the wrong way round, the bank is not holding you cash, so if they go bust you don't loose anything. A fixed loan is a fixed loan, it does not become due if the lender goes bankrupt, it remains an asset of the lender that can be sold to another lender.
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