Getting a mortgage with a fixed term contract

Finance, Taxes, Banking, Insurance and Retirement
1
Hi All,

I just got a job with a well known international organization in Geneva, and the initial job contract is for 5 years. Decent salary, tax free etc.

Wondering if any bank will discuss a mortgage with me? Or can I just forget it, without having a "permanent" contract? Even though a permanent secure job doesnt exist anywhere anymore.

Thanks!

2
Go and talk to any bank. They'll advise you. It shouldn't be impossible in my view, since you have to renew every few years anyway!

3
Most people are on open ended contracts here...

A guy only just arrived, on a fixed term contract, wanting to buy a permanent residence is not exactly very Swiss, so you many find that some of the banks will be doubtful about the idea.

4
If you meet the criteria, you should have no problem getting a mortgage.

5
Already rejecting the customer without knowing initial payment/financed fraction of the property and monthly income? What if the financing is not needed at all and the motivation for mortgage is just investment/tax optimization purposes?

PS, I don't know if I got into sales mindset or went to far and would sell my family tomorrow if the price is right

6
Are CdL holders allowed to buy property? I know there are restrictions for B permits.

7
I've been in switzerland for a decade, about to get the passport

8

Perhaps look at their other posts and realise they didn’t just arrive here. They’re in the process of applying for citizenship under normal naturalisation.

https://www.englishforum.ch/permits-…ml#post3389494

9
As a Swiss the banks or insurance companies would give you a mortgage provided you can come up with the down payment (by their calculations). But it’s likely that taking over an existing mortgage may be a better deal for you.

10
There are also a few mortgage brokers who might be able to assist in case needed. Look them up.

11
We just bought a home in Aargau, I'm on a B permit, the wife is Swiss.

We used a mortgage broker, MoneyPark, and they helped a great deal, even for someone with a B permit. There were some restrictions on what we can do with the property until I get a C permit or citizenship, but that's Swiss law more than banking rules, I believe.

Not sure a "permanent" contract matters, since an employment contract can be cancelled within the terms of the law and the contract anyway.