Buying a home

When you start looking for the apartment or house of your dreams, you’ll need an idea of how much you want to spend. At BCV, we can help you crunch the numbers.

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Steps in buying your home

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Find the right home

Simulate various financing scenarios

Reserve the home

Meet with a BCV advisor

Set the terms of the loan

Finalize the purchase

Your downpayment

Your budget calculations need to include the required downpayment, which must be at least 20% of the purchase price. This figure does not include notary fees, which will be another 5% of the total purchase price – and which must be paid in cash. You can finance your downpayment from your savings, by selling investments or by using your occupational or private pension funds.

Keep in mind that your mortgage payments (principal plus interest) plus home maintenance costs should not exceed a third of your household's gross annual income.

Once you’ve determined how you will make the downpayment, look to BCV for a mortgage loan to cover the remaining 80% of the purchase price. Together we will select the right type of mortgage loan for you from the many solutions we have to offer.

3.3.1 Régle d'or financement immobillier

Determine your budget

The first step in buying a home is determining how much you can afford to spend. Our advisors will help you establish a budget based on your annual income (including your household salary plus any pension or investment income) and the amount of cash you have on hand for a down payment. They will use a simulator to calculate the maximum amount you can spend on a new home. They will take into account the ongoing cost of owning a home: as a rule of thumb, mortgage payments and home maintenance should account for no more than one-third of your household’s gross annual income.

Income CHF 100 000

CHF 0CHF 1 000 000

Downpayment CHF 200 000

CHF 0CHF 1 000 000

You can afford up to

CHF

 

Solutions, whatever your needs

Fixed-rate mortgage loan

This type of loan is appropriate if you want to lock in the interest rate for the duration of your mortgage contract. That way, you know how much your mortgage payments will be from the start.

Short term mortgage loan

If you want to take advantage of the lowest interest rates in the market and don't expect rates to rise anytime soon, then our short term mortgage loan is for you. It keeps the interest you pay to a minimum with a short term rate – especially attractive during periods of steady or declining interest rates. However, because interest rates can also go up, you'll need to keep a close eye on the financial markets.

Variable-rate mortgage loan

With a variable-rate mortgage loan, your interest rate tracks the market. You make out when interest rates fall – but there is also a risk that they will rise.

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Useful documents

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Buying a home in Switzerland

Owning your home is more than just an investment: it is a major decision that should be carefully considered.

File size : 1.09 MB - Last update : 22 July 2021

Keywords: Achat/ Propriétaire/ Maison/ Logement

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