I am in the stage of choosing which bank to have the mortgage. We won’t need to fix it now because the construction will only be finished in summer 2026. But I guess once I choose the bank now to give the payment promise, it won’t make sense to switch 1.5 years later. And since we don’t need to fix it now, I guess the absolute number of the rate now doesn’t matter much for us. But the relative number, aka higher and lower would actually matter.
Currently I am getting one bank offering 1.45% for fixing 5 years and 1.65% for fixing 10 years. How does that look like? And I see today on moneypark.ch and on hypotheke.ch the rate for 10 years are 1.33% and 1.42%, respectively. How realistic are these numbers for buy-to-let property ?
hello @FrankenStache, I guess I can learn a lot from you. How realistic are they? For a buy-to-let apartment, would that tends to be higher rate or it doesn’t change the rate? Currently I see on hypotheke.ch (10y = 1.42%) and moneypark.ch (10y = 1.33%) and 10year swap rate 0.5925%
one bank offering us 1.65% for fixing 10 years. After reading the posts here, I seems like 1.4% should be my goal currently?
Not realistic for buy-to-let. The rates you see online are based on top notch property condition (self used) and based on a very solid income situation.
I generally agree with xerox. Doubt you can get these rates on a buy-to-let, but certainly anything is possible depending on your income/situation
Why not reach out to one of the mortgage brokers (assuming it’s a no-obligation quote) and find out what kind of “deal” they can get you? Be sure to make sure it’s apples to apples (terms and conditions) when you compare them to what banks are offering you directly.
thanks! Yes I am contacting the mortgage brokers. On the same time, trying to collect some expectations here as well. It doesn’t hurt to do things in parallel.
For buy-to-let, can I roughly put 0.1% (or 0.2%?) on top of the displayed rates on the website at hypotheke.ch and/or moneypark.ch?
I did that, got the payment promise from bank 1, and 1.5 years later did the mortgage with bank 2. Was certainly possible, just a bit of extra admin work and needed the seller’s ok, as they had to accept a new payment promise from bank 2.
The client advisor told me that they will charge a penalty of 300.-, but only if the paperwork for the actual mortgage was already signed. This was not yet the case for us, as they checked our finances, put our capital in a locked account and provided the payment promise, but we didn’t sign the actual mortgage contract yet.
As an alternative, we could have also go trough the buying process with bank 1 and sign a Saron mortgage with a 3 month cancelation term, and then switch immediately after to bank 2.
hmm. Interesting. ZKB told me that penalty would be 1000.- after the payment promise.
But the saron mortgage with 3 month cancelation is actually an amazing idea, if I ever need to swtich.
make sure whatever bank you use has the terms listed for SARON cancelation clearly stated in the contract. As maybe they would ask for longer than 3 months
In the last weeks UBS sent me more information about Festhypotheke than usual. Last one was on offer to get a 10 year for the rate of a 7 year.
I am currently on a saron with 0.5% margin. Seeing the margin increase on hypotheke.ch etc up to 0.65 I think they try to increase the margins also in their existing portfolio
Anyone with a Raiffeisen mortgage? I got an offer Saron+0.7% but with 5 year lock in, i.e. can switch to fixed for the remainder of the term when Saron starts rising. Is this a good spread or should I be pushing for better conditions. 0.6% spread maybe? That’s for a 60% mortgage. Switching from another bank after initial 5 yrs.
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