FINANCING
Banks and some insurance companies generally provide financing of up to 80% of the purchase price or appraised value of the property, divided into a first and second mortgage. At least 20% equity is therefore required, part of which may, subject to the applicable regulations, be drawn from occupational pension funds.
In addition to the purchase price, buyers should also take into account the additional costs associated with the purchase, which are borne by the buyer and amount to approximately 1,7% of the purchase price. These include notary fees, Land Registry registration fees and the cantonal stamp duty.
Banks and some insurance companies generally provide financing of up to 80% of the purchase price or appraised value of the property, divided into a first and second mortgage. At least 20% equity is therefore required, part of which may, subject to the applicable regulations, be drawn from occupational pension funds.
In addition to the purchase price, buyers should also take into account the additional costs associated with the purchase, which are borne by the buyer and amount to approximately 1,7% of the purchase price. These include notary fees, Land Registry registration fees and the cantonal stamp duty.