Take out a mortgage with MoneyPark.

Generally speaking, you need a stable income that is at least three times higher than the cost of your accommodation to take out a mortgage. Accommodation costs include the interest on the mortgage (calculated using an imputed interest rate currently up to five per cent), maintenance of the property (calculated as a percentage of the value of the property) and any repayments. In addition, at least 20 per cent of the property’s purchase price must usually be covered by a deposit. Lastly, the property’s purchase price must be verified by the mortgage lender for the mortgage to be approved.

In the context of a mortgage, a deposit is the amount of money that you contribute yourself to finance part of the purchase price or costs of construction. Deposits are usually made up of savings, assets, retirement savings (pillar 3a and 3b), gifts or early inheritance and are needed to cover the shortfall in the available financing. When buying a residential property to be occupied by the owner, the deposit must cover at least 20 per cent of the property’s value.

Choosing the term depends on your long-term financial planning. As a general rule, the following applies: the shorter, the cheaper and the longer, the more certainty in planning. Our experts will help you find the right term for your personal requirements.

Whether or not a mortgage is right for you depends on your current and future financial situation. Simply put, a fixed-rate mortgage offers certainty in financial planning, while interest on a SARON mortgage is tied to the market. We will help you find the best individual financing solution for you.

You can choose between direct and indirect amortisation. With direct amortisation, you pay the debt back directly to the mortgage lender. With indirect amortisation, however, a dedicated savings product (e.g. pillar 3a) is used with the aim of repaying the mortgage at a later date. 

Yes, interest on mortgages is tax-deductible in Switzerland and will therefore reduce your taxable income. Instead of direct amortisation, where you make regular repayments to the mortgage lender, you can also choose indirect amortisation. This involves paying the amortisation amount into a pillar 3a pension account, with the mortgage lender having right of lien over the account as collateral. You can deduct payments made into the pension account from your taxable income, thereby reducing your tax burden. In addition, the capital in the pension account accrues tax-free interest. Early withdrawals are also taxed at a reduced rate.