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Buying a House in Switzerland A Practical Guide

Navigating the Swiss mortgage landscape can be complex, especially for first-time buyers or non-residents. Engaging with an English-speaking mortgage broker can provide valuable assistance. <br><br>https://www.immano.ch/buying-a-house-in-switzerland/

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Buying a House in Switzerland A Practical Guide

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  1. Buying a House in Switzerland: A Practical Guide

  2. Understanding Mortgage Options In Switzerland, mortgages are common for property financing. Two main types of mortgages: 1. Fixed-Rate Mortgages: Stable interest for a set period. 2. SARON Mortgages: Variable interest rates, risk of fluctuation.

  3. Eligibility and Financing Requirements To qualify for a mortgage in Switzerland: • Down Payment: Minimum 20% of property value • Loan-to-Value (LTV) Ratio: Banks finance up to 80% • Monthly payments should not exceed 1/3 of gross income • Foreign buyers with B or C permit are eligible, non-residents face restrictions.

  4. Tax Implications & Working with Brokers Tax Implications: • Wealth Tax: Based on property value • Imputed Rental Income Tax: Estimated rental income • Deductions: Mortgage interest and maintenance costs • Working with Mortgage Brokers: Expert guidance for navigating mortgage process.

  5. Conclusion • Buying a house in Switzerland requires careful planning and understanding of the mortgage system. • Consulting a mortgage broker can make the process smoother and help make informed decisions.

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