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Old 22.06.2010, 12:31
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First time buyer information

I've decided to buy an apartment somewhere in kanton Bern.
I've never bought a house or flat in England so I'm totally new to this.
I know the bank provides 20% of the payment, but is there anything else I need to know? I have absolutely no idea where to start.
What is the first step? I've seen something I might be interested in but what do I do next! Do I need a solicitor, builder, brain transplant?
Any information will be greatly appreciated!

Thanks!
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Old 22.06.2010, 12:37
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Re: First time buyer information

Start with the search function - lots of discussion about mortgages in CH on EF, inlcuding this very long one: [Ins and Outs] Buying Property in Switzerland

Not sure where you get the bank provides 20% - but usually you provide minimum 20%, the bank provides everything else.
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Old 22.06.2010, 12:52
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Re: First time buyer information

Thanks for the tip!
Ooops yes slight incorrect wording! Yes that's what I meant, I provide 20% and the bank the rest.
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Old 22.06.2010, 13:23
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Re: First time buyer information

Quote:
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Thanks for the tip!
Ooops yes slight incorrect wording! Yes that's what I meant, I provide 20% and the bank the rest.
You are allowed to pay more than 20%. Talk to your accountant and/or banker to find out what you can afford and how much down payment you should make for tax reasons. If money is not an issue then I suggest hiring a attorney to check out all of the contracts and review the grundbuch, etc.,... and to guide you through the process. We did this and paid no more that 1000 CHFs for his services. Money well spent although the process here is not that complex and the contracts are pretty straightforward compared to what I'm used to in the States.
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Old 22.06.2010, 15:16
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Re: First time buyer information

Would you recommend looking at the property with a builder or someone who knows what they're talking about to highlight problems?
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Old 08.04.2020, 20:54
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Re: First time buyer information

Hello everyone,

I'm considering buying a flat. Any advice?

Kind regards,
Alex
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Old 08.04.2020, 21:54
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Re: First time buyer information

In addition to the thread linked to, above, by Carlos, see also several threads about factors to take into consideration, when planning to buy (and the links to which they link):

https://www.englishforum.ch/housing-...checklist.html

https://www.englishforum.ch/housing-...apartment.html

https://www.englishforum.ch/housing-...-renovate.html

https://www.englishforum.ch/housing-...itzerland.html

https://www.englishforum.ch/finance-...tax-query.html

https://www.englishforum.ch/finance-...ing-house.html

https://www.englishforum.ch/housing-...den-costs.html

https://www.englishforum.ch/housing-...ibilities.html
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