Space to dream. Room to live.

• You must have a Swissquote account,
• and your main residence and employer must be located in Switzerland.
• You must not be a US person and must not hold Russian nationality or diplomatic status.
• The property must not be owned by a community of heirs (Erbengemeinschaft). 
• In the event of a divorce, the final judgment (divorce decree) must be provided and the proceedings must be completed. 

• Your current income from employment, self-employment or pensions must be sufficient to ensure that the imputed costs of the mortgage do not exceed 34% of your net income on a long-term basis.
• If you are self-employed, you must also provide your last three balance sheets and income statements.

The following rules apply to variable payments: 

• Bonuses and equity participation rights are taken into account at 50% of their value based on your salary statement. 
• Expense allowances are not factored in.
• Asset drawdowns and securities income are not taken into account. 
• Additional collateral such as securities, pension fund assets, life insurance policies or account balances cannot be pledged. 

Important information for customers over 55: 

• Your state (AHV) and private pension must guarantee affordability, and the imputed costs of the mortgage must not exceed 34% of your net income. 
• Asset drawdowns are permitted, with a minimum early withdrawal from your pension fund of CHF 500'000.

• The property must be located in Switzerland. 
• It must be an existing single-family home, an existing owner-occupied flat, or a holiday home. 
• Financing cannot be provided for properties still under construction or turnkey properties.
• The property must not require renovation.
• The land register extract must not include building rights, usufructs, pre-emptive rights or rights of abode. 
• Yield properties, commercial properties, luxury properties and agricultural properties are not eligible for financing. 
• Properties from foreclosure auctions cannot be financed.
• Properties owned by immediate family members (e.g. mother, father, son) are not eligible for financing.
• No more than two persons are permitted to acquire ownership of a property.

• When purchasing a property, you must furnish the necessary own resources and deposit them with Luzerner Kantonalbank before the mortgage can be notarised. 
• If making advance withdrawals from pension fund assets, you must submit the fully completed payout application. 
• If you are using pension fund assets, you must meet the minimum requirement of providing at least 10% of your own “hard” resources (account balances, 3a funds, gifts).
• The minimum mortgage amount is CHF 100'000. 
• The maximum loan amount is 80% of the property’s value for a main or secondary residence, and 66% if you are 65 or older. 
• The maximum loan amount for holiday homes is 65%. If the loan amount is more than 50% of the value of the property, direct annual loan payments are calculated totalling more than 2% of the mortgage amount.
• The repayment period is 15 years. However, a loan amount of 66% or less must be reached by no later than the age of retirement. 
• Interest is debited from your account with Luzerner Kantonalbank on a quarterly basis. 
• Where necessary, you may only make indirect repayments via a Pillar 3a account (incl. fund solutions). 
• Direct repayments (mandatory for holiday homes) are debited from your account with Luzerner Kantonalbank on a quarterly basis. 
• It is the client’s responsibility to ensure that funds for interest and repayments are provided on time. Debit interest is charged if your private account shows a negative balance (after debiting interest and any direct repayments).
• The due dates of the first and last tranches may not be more than five years apart.
• Additional repayments are not permitted during the mortgage term and must be made to the previous bank prior to redemption. 
• Requests to increase the mortgage amount are reviewed on a case-by-case basis and may be made at the discretion of Luzerner Kantonalbank. However, the minimum amount by which the mortgage may be increased is CHF 100'000.
• It is not possible to repay multiple tranches that are not financed by the same bank.