Have any of you heard whether there are banks in Switzerland which accept ETFs / Stocks / Bonds as a collateral when buying a house?
An urban legend:
A colleague of mine told me that he knew someone who used his Bonds as collateral to buy a house and he was able to collect the premiums of the bonds.
Would something like this be possible with a dividend ETF like SCHD or CHDVD? So my idea is the following: Lets say I have 500K CHF in SCHD or CHDVD and I want to buy a house for 1 million CHF. Instead of selling 350K from my ETFs (to pay the 35% of the house) I want to use them as a collateral, so I only need to take up a loan of 500K and I am able to keep the dividends of these ETFs.
I am generally interested in any possibility where I can keep my dividend ETFs and use them as a collateral.
Thanks in advance.