The amount of your loan will grow as your home is being built, to cover the cost of the ongoing work. We will draw on your loan to pay the building expenses against invoices signed by you and the contractors doing the work (architect, builder, plumber, electrician, etc.). You will be charged interest only on the amount of money actually used to pay those expenses.
Once your home has been built, the building loan will automatically convert into a mortgage loan with the same interest rate.
|
Fees and conditions |
|---|---|
Conditions |
|
The ideal mortgage financing package often consists of a custom-tailored combination of fixed-rate and variable-rate loans with different terms. We will work closely with you to determine the solution that best meets your needs.
You pay zero interest for the first 12 months of your BCV fixed-rate mortgage loan or Building Plus loan (minimum term: five years) to finance an energy-efficient property or green renovations.
Our guide on energy-saving renovations outlines the key steps in the process and points you to the resources you need to successfully carry out your project.
Guide to Energy-Efficient Renovations ( in french, 1.1 MB)
Renovations are considered ecological if at least 25% of the total investment (no less than CHF 20,000) is used to make energy-saving improvements that qualify for subsidies. Find out more at www.bcv.ch/bonusvert.
It's easy to get a handle on your budget with our fixed-rate mortgage loan: your monthly payments will remain the same throughout the term of the loan, even if interest rates go up.
The short term mortgage loan's follows financial market conditions during your chosen term.
