Situation seems very much not comparable, CH has currency getting stronger, negative inflation, etc.
(and iirc if what you’re referring to is the slow reaction to covid induced inflation, I don’t think the SNB was faster than the Fed to raise rates)
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Indeed, Swissquote advertises 0.5% SARON and 1.14% 5Y. But people mention that with them you cannot use invested 3A indirect amortisation, if that’s what you plan to do. Also, VIAC has 0.65% SARON and 1.20% (or so) 5Y, but with them you can use invested 3A for indirect amortisation. Just in case you’re considering checking other options.
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I think SNB has a smaller base to manage but they tend to manage it very well. Having said that they also have a reasonable political situation to deal with and a low debt nation.
For Fed life is complex because US is drowning in debt and hence FED always needs to wait for politicians to do something (war, deals with other countries, coercion etc ) to keep USD strong while FED can print more of it. I wouldn’t like to be in their job.
My brother fixed his mortgage for his first flat (4.5 rooms) last week.
He splitted his mortgage 50/50 10year fixed/saron (don’t forget splitting your Grundpfand as well ).
For the 10 year fixed we could fix it at 1.33% and the Saron with 0.7% (the advertised rates were 1.95% and 1.0%).
The Mortgage is with the local Raiffeisen. Only UBS made a slightly better offer with a 10 year fixed at 1.30%. But he understandable prefers the local Raiffeisen over UBS.
Was good to have a read in this thread beforehand the negotiation for what is possible/illusional. Thanks for that.
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Yea, I haven’t got any SARON rates less than 0.85% from 4-5 different banks.
Both UBS and Raifeissen (which seem to be the ones with the best rates above) came up with lower valuation in my case and asking for higher equity.
I guess individual situation would vary to determine the rates as well. My mortgage is at a 90% LTV (including Pillar 2 pledge) and from what offers I have got, these 2 are the best.
I think I read here that SwissQuote does not finance new construction properties and I guess VIAC is not accepting new mortgage applications.
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Did you have a fixed term mortgage or SARON as well?
I’m taking 50:50 split SARON and 5y. For the direct amortisation, does it make sense to amortise the SARON part or the fixed part?
Another positive experience with UBS. They have released the pledge on all our UBS 3A assets (approx. 110 KCHF), which makes it possible for us to move them to VIAC/FinPension immediately.
Only good things to say about them (and especially our relationship advisor) during the past 7 months of the mortgage process.
I have a mortgage with UBS too. They might not always have the best rates, but they are professional and easy to work with.
I agree that they never create problems when you try to close account or move money out. I found it rather surprising but also very nice to work with
I closed 3a -: no problem
I moved from paid package to free package - no problem
Personally I have never really faced any problems with UBS. They have higher costs but they do not pester you to stick to them.