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

With our fixed-rate mortgage loan, you'll know exactly how much your mortgage payment will be every month. No unpleasant surprises from rising interest rates.

Variable-rate mortgage loan

With a variable-rate mortgage, your interest rate will closely track movements in the financial markets. This type of loan could be a good choice if you are flexible, willing to tolerate some risk, and not put off by interest-rate volatility.

Short term mortgage loan

If you follow the financial markets closely and generally have a good idea of where interest rates are headed, then our short term mortgage loan could be for you. It lets you take advantage of falling interest rates, or even refinance your loan if market conditions change.

If you want home financing based on the SARON benchmark, opt for our SARON mortgage loan. You just need to have sufficient liquidity on hand in the event that rates rise.

Next step

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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 : 2.22 MB - Last update : 24 June 2022

Keywords: Achat/ Propriétaire/ Maison/ Logement

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