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Old 11.03.2021, 17:53
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SARON mortgage

Anyone have a SARON based mortgage and if so, what spread over SARON does your bank offer?
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Old 11.03.2021, 21:43
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Re: SARON mortgage

The banks publish this, e.g. SGKB = 1.100%

Or do you mean what you can get after negotiation if you have a decent deposit etc? (sorry can't help with that)
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Old 11.03.2021, 22:24
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Re: SARON mortgage

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The banks publish this, e.g. SGKB = 1.100%

Or do you mean what you can get after negotiation if you have a decent deposit etc? (sorry can't help with that)
1.1%?! That is really crappy. I can get a margin loan for less than that!

I'm struggling to get a straight answer from my bank and doubt they will offer something good.
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Old 11.03.2021, 22:29
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Re: SARON mortgage

last month, ZKB I think mentioned around 0.7% to me.

Don't remember the number exactly, but I remember dismissing it immediately because their 5 year fixed rate was better.
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Old 11.03.2021, 22:38
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Re: SARON mortgage

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last month, ZKB I think mentioned around 0.7% to me.

Don't remember the number exactly, but I remember dismissing it immediately because their 5 year fixed rate was better.
Their guide margin is just over 1%. It looks like I will have to negotiate with the bank.
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Old 11.03.2021, 22:45
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Re: SARON mortgage

Let us know how you get on. I guess most floating renewals will have a SARON Reference going forward and it would be good to have a benchmark. Good Luck.
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Old 11.03.2021, 22:51
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Re: SARON mortgage

For publicly displayed, cheapest I saw was Swissquote at only 0.57%:

https://en.swissquote.com/credit-sol...e=1#conditions

I'd like to see their conditions as I'd like a flexible loan (short notice cancellation, ability to pay down capital).
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Old 17.03.2021, 01:38
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Re: SARON mortgage

Update: offered SARON+1% so no better than IB margin rates and less flexible. However, using IB would be 'margin-inefficient' as it would tie-up portfolio margin while leaving value of property as collateral un-tapped.

Will UBS for maximum flexibility until I decide if I'm going to sell the place.
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Old 01.04.2021, 11:07
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Re: SARON mortgage

0.7% Saron offered today at UBS.
0.94% fixed at 9 years.

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Old 01.04.2021, 15:49
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Re: SARON mortgage

0.6 - cs.
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Old 15.04.2021, 13:12
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Re: SARON mortgage

0.67% ubs
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Old 15.04.2021, 18:22
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Re: SARON mortgage

0.6% SQ

https://en.swissquote.com/credit-sol...4aAlc6EALw_wcB
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Old 15.04.2021, 18:24
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Re: SARON mortgage

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0.6 - cs.
Really?

I was quoted above 1% by Credit Suisse not so long ago.
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Old 15.04.2021, 19:05
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Re: SARON mortgage

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Really?

I was quoted above 1% by Credit Suisse not so long ago.
yup. i rolled an existing libor tranche into the new saron product and it was 0.6 for anything under 0%. might help that it was only a few hundred k and i have another tranche of a couple of million. so i guess they just replicated the previous libor rate.
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Old 07.06.2021, 13:29
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Re: SARON mortgage

Reviving this thread: what are the latest SARON offers by institution?
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Old 07.06.2021, 13:35
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Re: SARON mortgage

UBS is now advertising 0.99% for 9 years. Maybe one can negotiate and even lower rate. Even their online version now is 0.71% for 10 years. And UBS is not the cheapest in the market.

Is Saron still attractive?
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Old 07.06.2021, 13:54
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Re: SARON mortgage

Was offered SARON at 0.82% v CS @ 1.2%
Just fixed a 10 year deal at 1.13% and was offered 15 years at 1.29%
Up to 7 years all offered below 1% from 0.82 - 0.98%
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Old 07.06.2021, 13:59
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Re: SARON mortgage

An additional question for mortgage seekers: are you able to negotiate more preferential terms for repayment for fixed mortgages than what's in the standard book? I.e. reduce amount due on early repayment, suppression of negative interest adding to amount due, etc?


Some insurers (SwissLife) appear to offer fixed mortgages with close to 0 repayment fees, but don't see this anywhere in the "regular" banks
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Old 07.06.2021, 14:14
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Re: SARON mortgage

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An additional question for mortgage seekers: are you able to negotiate more preferential terms for repayment for fixed mortgages than what's in the standard book? I.e. reduce amount due on early repayment, suppression of negative interest adding to amount due, etc?


Some insurers (SwissLife) appear to offer fixed mortgages with close to 0 repayment fees, but don't see this anywhere in the "regular" banks
I've never heard of this but it doesn't do any harm to ask.

I suspect interest rate is the only normal point of negotiation because it's relatively simple, if I was the bank I wouldn't let my advisors get into changing fees because it could quickly become a mess and is hard to manage over time.

Initial fees / costs are more likely to be open for discussion than stuff which happens later, potentially when the client advisor is no longer even with the bank.
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Old 07.06.2021, 14:51
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Re: SARON mortgage

any EFer take a mortgage from SwissLife and willing to share experience?
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