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  #61  
Old 31.12.2010, 17:50
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Re: SwissCaution - the apartment deposit lenders thread

I did search the forum for Swisscaution, both as one word and spaced but, unfortunately, got no hits. But thanks for merging the stuff, the info is very useful.
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Old 31.12.2010, 17:52
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Re: SwissCaution - the apartment deposit lenders thread

I thing the search function is celebrating the New Year a bit early actually. I'm having trouble with it too.
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  #63  
Old 31.12.2010, 17:56
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Re: SwissCaution - the apartment deposit lenders thread

I used to manage search functions, they always seem to behave like that! This has been a very information thread though and I'm glad I found it. This might stop me lodging with my boss, which would be great
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  #64  
Old 31.12.2010, 21:37
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Re: SwissCaution - the apartment deposit lenders thread

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The premium you pay to SwissCaution is on a per annum basis, all your landlord needs to do is return the 'certificate' and that is enough proof for them. SwissCaution will then reimburse you for the remainder of the annual contract (Jan-Dec).
I have been thinking of the economics of this. My current thought experiment is to ask: If somebody simply loaned you the cash for the rental deposit, what interest rate would you expect to pay? I mean, that is all they are doing, right? Except that they often don't even need to part with their money and can keep it invested for themselves.
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Old 05.07.2011, 22:58
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Re: SwissCaution - the apartment deposit lenders thread

Hello
Am trying to manage my arrival to Switzerland next september (as MSc student), and by the moment I am dealing with the lease for a studio. I have browsed on internet and other forums but with no success so I decided to raise this question here. Specifically, I need to afford the rental guarantee for a furnished studio and for this end I contacted "SwCaution", but after doing all the process they stated it is not possible to apply for a guarantee of rental deposit for a furnished studio! Now I am hurrying to find out other company that do the job for a furnished studio: anyone of you know-see-hear about other company? Thanks in advance
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Old 05.07.2011, 23:11
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Re: SwissCaution - the apartment deposit lenders thread

erm, can anyone post if his estate agency, landlord whoever, accepted it?
nobody does so far, but some do. who are these agencies?
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  #67  
Old 06.07.2011, 02:59
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Re: SwissCaution - the apartment deposit lenders thread

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erm, can anyone post if his estate agency, landlord whoever, accepted it?
nobody does so far, but some do. who are these agencies?
I deal with a few property management firms who accept it and I know private owners who will as well. Each time I have to ask, sometimes it is a yes, sometimes it can be a no.
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  #68  
Old 06.07.2011, 11:06
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Re: SwissCaution - the apartment deposit lenders thread

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erm, can anyone post if his estate agency, landlord whoever, accepted it?
nobody does so far, but some do. who are these agencies?
Yes, whenever I make enquiries about an apartment my first few questions will be: do you accept a dog, piano, and Swisscaution.

As far as I remember, I spoke to a lady about a property at Livit once and she said its possible - might just be for that property and landlord.

My current agency Privera AG does accept Swisscaution for most of their properties. They even offered to help us set it up when we were signing the contract, saying that they have an agreement with Swisscaution. Very refreshing.
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  #69  
Old 06.07.2011, 12:00
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Re: SwissCaution - the apartment deposit lenders thread

good to know in advance, because i feel once you ask the comp if they accept it and they dont....kt could kill your application on top.

i mean...the next place im moving to is charging me 3 month deposit plus the first rent. its 8500chuffs while the other deposit from this flat here of 6k still sits in the bank. additionally i have to pay the moving guys plus several things to buy for the new place. this sums up easily to 10k plus the other to be released deposit makes 16k in total. nuts?
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Old 06.07.2011, 12:44
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Re: SwissCaution - the apartment deposit lenders thread

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good to know in advance, because i feel once you ask the comp if they accept it and they dont....kt could kill your application on top.

i mean...the next place im moving to is charging me 3 month deposit plus the first rent. its 8500chuffs while the other deposit from this flat here of 6k still sits in the bank. additionally i have to pay the moving guys plus several things to buy for the new place. this sums up easily to 10k plus the other to be released deposit makes 16k in total. nuts?
Definitely - good for people who have such amount of cash lying around, seeing that landlords legally can hold on to your deposit for 12 months!!! I know I dont have that kind of money lying around so I tend to ask outright when I first call re Swisscaution, and pray that they would have forgotten that I ask about it by the time I view the flat and make the application.
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  #71  
Old 06.07.2011, 13:05
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Re: SwissCaution - the apartment deposit lenders thread

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good to know in advance, because i feel once you ask the comp if they accept it and they dont....kt could kill your application on top.

i mean...the next place im moving to is charging me 3 month deposit plus the first rent. its 8500chuffs while the other deposit from this flat here of 6k still sits in the bank. additionally i have to pay the moving guys plus several things to buy for the new place. this sums up easily to 10k plus the other to be released deposit makes 16k in total. nuts?
Indeed moving is an expensive venture in CH. Luckily the furniture should not cost you much as it is not as expensive.
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  #72  
Old 06.07.2011, 22:10
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Re: SwissCaution - the apartment deposit lenders thread

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Definitely - good for people who have such amount of cash lying around, seeing that landlords legally can hold on to your deposit for 12 months!!! I know I dont have that kind of money lying around so I tend to ask outright when I first call re Swisscaution, and pray that they would have forgotten that I ask about it by the time I view the flat and make the application.
brilliant idea, luv! and i am using a different name then, haha!
thats cool news, why dindt i do it that way? lovely!
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  #73  
Old 06.07.2011, 23:31
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Re: SwissCaution - the apartment deposit lenders thread

I just got turned down at the 11th hour yesterday on the point of signing as the landlord refused Swiss Caution, I just don't have the 3 month deposit lying around and he wanted my money before he would sign the contract, very suspicious. Relocation agent have said not to proceed and are looking for a serviced temporary apt for me now. I'll then have time to save up on my new Swiss salary then it'll also be easier to find somewhere once I'm already living there. I'm at the end of my stress levels right now.

I know some people that have used Swiss Caution without any problem but others say landlords generally won't accept it. 3-4 months deposit whilst still on a UK salary is pretty hard to find on top of all the other expenses involved in an international move.
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Old 06.07.2011, 23:38
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Re: Swisskaution - the apartment deposit lenders thread

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I know that Livit in Lausanne doesn't accept it. I've heard it's difficult in general going that route in Romandie, but that in the Swiss German part it's more accepted.

It's so annoying because Bernard Nicod took 5 months to return the deposit on my first apartment, and a friend had a similar experience with Naef.
Our landlord in Romandie (St-Sulpice) accepted the Swiss Caution. We decided to do it to a) not tie up that money, b) not have to struggle with getting the deposit back at the end--let them fight it out with the insurance!
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  #75  
Old 07.07.2011, 10:25
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Re: SwissCaution - the apartment deposit lenders thread

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I just got turned down at the 11th hour yesterday on the point of signing as the landlord refused Swiss Caution, I just don't have the 3 month deposit lying around and he wanted my money before he would sign the contract, very suspicious. Relocation agent have said not to proceed and are looking for a serviced temporary apt for me now. I'll then have time to save up on my new Swiss salary then it'll also be easier to find somewhere once I'm already living there. I'm at the end of my stress levels right now.

I know some people that have used Swiss Caution without any problem but others say landlords generally won't accept it. 3-4 months deposit whilst still on a UK salary is pretty hard to find on top of all the other expenses involved in an international move.
That really sucks. I dont know the percentages but the general sense that I got whilst I was searching for my apartment was that most landlords still preferred cash in the bank for deposits and agencies are just following their instructions. But there are definitely people out there who are ok with Swisscaution. You just have to keep looking.

Try the trick of calling up for an apartment without revealing your name and ask if they are open to accepting Swisscaution for that particular apartment. If you really like it and they dont accept, you'd know upfront. good luck.
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  #76  
Old 07.07.2011, 12:22
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Re: SwissCaution - the apartment deposit lenders thread

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I just got turned down at the 11th hour yesterday on the point of signing as the landlord refused Swiss Caution, I just don't have the 3 month deposit lying around and he wanted my money before he would sign the contract, very suspicious. Relocation agent have said not to proceed and are looking for a serviced temporary apt for me now. I'll then have time to save up on my new Swiss salary then it'll also be easier to find somewhere once I'm already living there. I'm at the end of my stress levels right now.

I know some people that have used Swiss Caution without any problem but others say landlords generally won't accept it. 3-4 months deposit whilst still on a UK salary is pretty hard to find on top of all the other expenses involved in an international move.
Sorry to hear about this. I am sure you could do without this stress.

I don't know why your relocation agent didn't clear up all this in advance. That is their job. That is what I do for my clients. Also, there is no money paid in advance of signing. The rental contract is secured by the deposit. Many banks now ask for a copy of the rental agreement before they set up a deposit account.

I have to educate a lot of private owners about how things are done, including the maximum rent they can ask for (3 months). Some owners, particularly those who have never been landlords, have a lot to learn. Others know a lot, and will try to take advantage of tenants who know a lot less.

A furnished apartment can be a good solution, although they can be expensive and sometimes the notice periods are unreasonable meaning if you find a place that is available quickly, you cannot act right away.

Good luck with your search.
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  #77  
Old 13.07.2011, 13:34
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Re: SwissCaution - the apartment deposit lenders thread

I've been looking at Swiscaution too as a way of freeing up some money and putting it to good use instead of having it laying around doing nothing. Also, I like it as a way of avoiding this ludicrous "they can keep your deposit for up to a year before reimbursing it when you move" situation i've read about more than once on the forums. I already have an apartment so would be looking at these terms here http://www.swisscaution.ch/en/your-r...our-advantages

Reading the terms etc it seems reasonable... I figure for the annual premium if I just siphon a wee bit off of my salary into a savings account each month then it should all be hunky dory.

Are there any real downsides to doing this that I should be aware of?
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Old 13.07.2011, 14:00
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Re: SwissCaution - the apartment deposit lenders thread

Its a good deal, help out when 3 months deposit is required!
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  #79  
Old 13.07.2011, 15:04
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Re: SwissCaution - the apartment deposit lenders thread

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I've been looking at Swiscaution too as a way of freeing up some money and putting it to good use instead of having it laying around doing nothing. Also, I like it as a way of avoiding this ludicrous "they can keep your deposit for up to a year before reimbursing it when you move" situation i've read about more than once on the forums. I already have an apartment so would be looking at these terms here http://www.swisscaution.ch/en/your-r...our-advantages

Reading the terms etc it seems reasonable... I figure for the annual premium if I just siphon a wee bit off of my salary into a savings account each month then it should all be hunky dory.

Are there any real downsides to doing this that I should be aware of?
If there are damages and SC pay out then you have to pay them back so it's not really an insurance policy - more a loan with an annual interest charge.

I use them, though, and have done for a number of years - cashflow does it for me .
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Old 13.07.2011, 15:46
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Re: SwissCaution - the apartment deposit lenders thread

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If there are damages and SC pay out then you have to pay them back so it's not really an insurance policy - more a loan with an annual interest charge.
Yeah, my thoughts too.

Interesting bit form their site:

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The freedom to terminate your contract at any time

By signing up for a SwissCaution rental guarantee, you are not linked to a contract with a minimum duration. You can terminate your SwissCaution rental guarantee at the end of each calendar year without justification.

To do so, you need only to provide your lessor with a substitute guarantee of the same amount and quality.
While I understand there is no minimum contract... what i'm not
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