Mortgages in Switzerland
Although foreign nationals are able to obtain mortgage loans in Switzerland, foreign purchasers are subject to various restrictions.
Maximum LTV ratio | 80% |
Minimum loan amount | CHF 500,000* |
Maximum loan amount | Not defined |
Fixed rates | |
Loan term | From 10 years |
Minimum age of borrower | Not defined |
Maximum age of borrowerby the end of the loan term | Not defined, but for borrowers over 67, additional guaranteesare required |
Maximum percentage of monthlyincome for mortgage | 33% |
Documents
Mortgage applications in Switzerland require the following documents:
- confidential declaration specifying
the applicant’s residence, marital status, employment andspouse´s andchildren´s names, if applicable - proof of income for previous year for individuals, financial statements for legal entities
- additional financial guarantee in the amount of 20% of the property value (e.g., cash assets, property, securities)
- information on the mortgaged real estate.
The loan application approval process usually takes
Extra costs
Property appraisaland Due Diligence | About CHF 2,500 |
Property insurance | Property insurance 0.2%per year (only in case buyerpurchases a whole building) |
Mortgage |
|
Early repayment charge | 100% of the remainingdebt amount |
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