When I asked BVK and looked at VIAC both of them said they would only lend on owner-occupied properties.
UBS would lend, but didn’t give great rates. I wasn’t sure if there was a ‘go to’ bank for investment properties.
Ah, I see. I started off with the same bank (actually the first term was with Credit Suisse and since then the local Kantonalbank) as the self-inhabited property, and for the last 20 years, no one has offered me lower rates than them when it was time to renew. However, I have been on SARON ever since SARON replaced LIBOR. All the properties are in the same canton, which I guess is why the Kantonalbank is pricing so aggressively in order to defend its market territory.
For a “small” amount of CHF 400k Raiffeisen offered this week 1.1% SARON margin 3 years, 1.0% SARON 5 years, 1.58% 5 years fixed rate and 1.83% 10 years.
It’s pretty bad but I am going to accept, probably SARON 3 years.
My situation is “complex” (old house, co-ownership with my father, which is retired) and I was rejected by different banks like VIAC and Postfinance.
3 Likes
CHF swaps went up by like 0.3% from the end of February (guess why? 
). If you can wait 3-4 months, I would try to sit it over.
1 Like