Who can buy ?

Do you have to be Swiss to buy a primary residence?

When it comes to primary residences, the law authorizes without restriction anyone residing in Switzerland, meaning those of Swiss nationality or those holding a valid residence permit (B or C), to acquire real estate for the purpose of making it his or her primary home.

The acquisition of a secondary residence depends on your particular situation. Feel free to contact us for more information.


Age

There is no age limit, maximum or minimum, for obtaining a loan. The personal equity that you are required to have and your equity-building potential will be different according to your age.

If you are less than 65 years-old and interested in buying, you must have at your disposal a personal capital of 20% of the property's value and be capable of financing the purchasing costs and/or transfer costs. Future owners should invest a minimum of 10% of the property's value from their personal savings (cash, third pillar, etc), excluding funds from their pension or from refundable loans.

After 65, the legal age of retirement, your obligations are different. You are required to have 35% in your own capital.

Using pension funds

If you are over the age of 50, you can not withdraw the entirety of your 2nd pillar to build your equity but only the maximum amount of your vested benefits accumulated by the age of 50 and half of your current vested benefits. After 65, you are no longer able to use your pension funds. In all cases, the withdrawal amount can not be less than CHF 20,000 and you are only able to make a withdrawal every 5 years.


State of health

Your state of health will not at all interfere with the bank's decision. The bank considers the income from your 1st, 2nd, and 3rd pillar as revenue.


Professional status

Your professional status is not a criteria for banks in and of itself. Whether you are single, married, cohabitating, in a civil or registered partnership, or widowed , with or without children, you can choose the type of ownership that suits your needs (co-ownership, common ownership, usufrunct or right of use) and appreciate the overall value while still taking taxation and inheritance into consideration.

Good advice for every situation

A single person's situation is certainly different than that of a married couple with three children. Naturally, questions pertaining to taxation and the succession and transfer of inheritance will also be different.

Personal situations tend to evolve; perhaps you buy together and then a separation or a death occurs, or perhaps you buy alone and then get married later on.

All of these situations need to be considered and DL will run an analysis to give you all of the information you need to make the best decisions.


Professional status

Regardless of the income that you withdraw from, your professional status should not negatively effect the mortgage loan decision.