[Need help] VIAC's +80% financing

Real Estate
1

Hello,

I asked VIAC a question, but they more or less told me to go through the Quick Check to get an answer — except it’s still too early for me.

My question is about their financing above 80%.

Here’s the question I asked them:

If my apartment costs CHF 1,000,000, I have CHF 200,000 in equity, and I want to carry out CHF 50,000 in renovations, is the idea the following: if I have CHF 50,000 with you, can this amount be pledged to increase the loan without having to increase my equity contribution?

In that case, the financing would reach 81%.

Of course, I am already including the CHF 50,000 I have with them in my CHF 200,000 of equity…

Anyway, if anyone has used this service at VIAC, I’d be curious to know how it actually works.

Have a great day, and thank you for your time.

2

If you would have had 250k in VIAC you could even finance 1.25M on the property so in theory it’s possible.

For your application, your text lacks the necessary context (which you should not share on this forum anyway), such as information about your income (how much you earn and how secure your income is), and details about the real estate object (location, condition, renovations, etc.).

What’s hindering you?

3

Hey, thanks for the answer.

In the end, how much do I actually need to hold with VIAC (and in total) in order to borrow CHF 1,100,000 — covering both the property price and renovation costs — assuming I am eligible for such an amount?

With a standard bank, I would need at least CHF 220,000 in equity to obtain a mortgage of CHF 880,000. My question is: would it be possible to borrow this amount if I only have CHF 180,000 (cash + 2nd and 3rd pillar outside VIAC) and CHF 20,000 with VIAC, thanks to this system?

Based on the answer I received by email, only 60% of the assets held with VIAC are taken into account. This would therefore mean that I would need closer to CHF 34,000 with VIAC.

Here is the response I received:

Yes, provided that affordability requirements are met. The mortgage amount would be correspondingly higher. Please note that in this case, 60% of the VIAC balance can be pledged.

I might be missing something obvious here, but I’m honestly struggling to turn this into a concrete, real-life scenario — especially when it comes to timing.

Our purchase (currently in progress) is a deferred sale, which will not be completed for another 12 to 16 months. For that reason, I don’t want to run a Quick Check now; I’ll do it later.

That said, I’m trying to think ahead and define the right strategy for the coming months. In particular, I want to understand whether it would make sense to redirect all or part of my savings towards VIAC in order to take advantage of this leverage and include the full renovation costs in the initial mortgage. Knowing that if it all goes well :crossed_fingers: we need to come up with 10% deposit, so already digging in my savings. I’m trying to keep most of my asset into VIAC but I’m not even sure it’s the right move.

I hope what I’m saying makes sense.

Thanks again

4

Then just do it later and don’t worry about it now. If you need to think about it now, do the quick check now and then again later if required.

1 Like
5

Thanks, I’ll do that.

I was asking whether anyone here has ever used this VIAC mortgage feature. But no worries — I can find the answer myself.

Thanks for your time :grinning_face_with_smiling_eyes: