Does anyone know the exact definition of “Selbstgenutztes Wohneigentum” (some mortgages seem to relate to this)? I plan on buying a property but want to rent it for a few years before I retire (right now I do not own any other properties).
I don’t think that will work, otherwise that would be a useless clause, when you could rent it out after signing the contract…
Where did you see mortgages only for “selbstgenutztes Wohneigentum”? I know that you can only take out your 2nd pillar for “selbstgenutztes Wohneigentum”, but not about mortgages related to this. I would imagine that they give you a higher rate if you don’t live in the property as their risk is higher.
I don’t think so, you could also first buy a property to rent out, which would be your first mortgage, and then buy one to live there yourself, but you’d still get the better rate for the one you live in, as their risk is higher when you rent it out.
They explicitly rule out rented property in their FAQ - and I would assume they also do so in their contractual terms. The way you phrase your intention (of signing contract but then intending to move away immediately) can clearly be construed as a violation of the contract. Though of course you might get away with. Then again, I wouldn’t be surprised if this did end up in a court of law either.
In general, it is accepted that you move out and keep the pension/3a in the real estate if a/ you buy another one as a primary residence and b/ you have lived a certain time in the first one (from what I could see, minimum 5-10y)
What if i took the mortgage with fixed rate for 10 years without any 2nd or 3a pillars, lived in the apartment for 2-3years and want to move out (i.e. live with my parents or rent another apartment for me) and rent out the apartment i own?
Would i need to renegotiate with the bank?
Legally speaking I do not know (a lawyer will probably say yes). Personally I would say that the “original intention” one had when signing counts for something. A mortgage from the small bank next-by where you know the guy will for sure help to sort out such a situation.