The scheme, offering rates as low as 2.25% for a repayment-only Swiss francs mortgage, has been developed in response to demand from UK buyers who recognise the investment and holiday rental potential of Switzerland, and is available for property purchase or as re-finance for improvements.
Conti’s senior partner Simon Conn has seen a large increase in demand in recent years as he comments:
"Switzerland has long been renowned for the financial acumen of its residents, its great ski-ing and year-round stunning scenery. With the launch of this scheme, UK buyers keen to enjoy the winter sports scene in resorts such as Gstaad, are now able to reap the many benefits of property ownership in this beautiful, highly diverse country."
Although there is a repayment-only scheme available, it may be possible to arrange a five year interest-only reviewable mortgage dependent on personal circumstances, Mr Conn added.
There is a minimum loan value of £150,000 with no maximum and schemes are available up to 80 per cent loan to value for 20 years (60 per cent for 35-year loans) up to age 70.
For example: A mortgage of CHF115,000 over 20 years at 2.25 per cent would cost approximately CHF 601.45 capital and interest payment per month. The total amount payable would therefore be approx CHF148,948 including interest, capital and all arrangement and survey fees.
For more information contact tel: +44 (0) 1273 772811, email: [email protected] or visit the website: www.mortgagesoverseas.com
