Now that Eigenmietwert is being abolished, I hear that communes are discussing property taxes to make up for the tax loss.
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Perhaps, but we citizens have a vote on that.
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Or, your timing is bad after this very long bull run and you collect your rappens.
Yes, I know, property prices can come down too before you mention it 
Still becomes a problem when you have to renew the mortgage. Depending of course on one’s age and how long one’s mortgage runs for… But rven a 10 year mortgage comes up for renewal at some point 
Unless of course one can get the bank to look the other way… But it’s a big risk
P.S. lowering one’s mortgage (to compensate for loss of interest deductions) carries quite some cost, doesn’t it? One has to change the “cédule hypothécaire” and the notary fees are eye watering AFAIK… Am I wrong?
Renewed my mortgage when I was 70 and again when I was 80.
I didn’t have to fill in any forms or provide any pension details.
Stayed with the same bank but also got offers from other banks.
You can pay down Capital whenever you wish, but likely to involve bank charges. At renewal time you can reduce the Capital without charges and then simply borrow less for the next tranche.
I meant to say that this is very important.
Start six months or better a year before your mortgage expires and get some offers.
Then the conversation with your existing mortgage provider is not “Can I stay in my property?” but “Do you want to keep my business?”.
There are a number of companies that advertise they will find you a mortgage.
I have used the one owned by Swiss Post and it worked well.
If these companies can or cannot find you a mortgage then go and talk to your existing provider immediately.
Do not wait until your mortgage expires
If you cannot get a mortgage then you need to start trying to sell your property immediately, if you wait until your mortgage expires then you have a desperate sale where you only get a fraction of its value.
Perhaps! But they will be local or Canton voting. Also! If most voters are renters, how do you think such a vote will be?
Most Swiss voters don’t, And even renters would be affected as this would just result in rent increases by landlords recouping increased costs.
I am not sure what you mean.
Many people have mortgages where they pay off some of the capital every month so the size of their mortgage also declines in step but they do not need to change any legal details or pay a notary.
You’re wrong. Paid mine off a couple of years agowhen the fixed term expired, didn’t cost anything.
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That ‘fraction of its value’ is of course its actual value… in the same way as when you sell shares in the stock market, you get the best price in the market at the time of sale.
Yes, I think I was wrong. There is no need to update the cédule for a réduction of the loaned amount - it’s a bit counter-intuitive but alas so it is. I thought there is a difference between the 1st and 2nd rang loans but that’s not the case either.
The Swiss mortgage system is well weird sometimes
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