Second mortgage

Purchase

The second mortgage is equal to the difference between the total mortgage loan and the 1st mortgage.

 

What is a second mortgage?

When you are taking out a mortgage to finance your real estate purchase in Switzerland, your mortgage may amount to no more than 80% of the collateral value of the property. The mortgage is divided into two parts: the 1st mortgage and the second mortgage.

The second mortgage is equal to the difference between the total mortgage loan and the 1st mortgage. If you would like to know more about mortgages, or if you would like help with your financing, our financial partner Strike is at your disposal.

 

 

Amortisation of the second mortgage

Unlike the 1st mortgage, the second mortgage must always be redeemed within 15 years or upon reaching the age of retirement, whichever comes first.

 

 

Example

For your real estate purchase of CHF 1’000’000, your bank has granted you a loan of 80 %. The mortgage then amounts to CHF 800’000 overall, with a first mortgage of CHF 660’000 and a second mortgage of CHF 140’000.

 

Sell my property

By Benjamin Steiner, July 25, 2023

We answer your questions

Do not hesitate to contact us, we are at your disposal.

Kevin Golub

Do you have a broader question about real-estate?

We have asked our brokers to share their expertise with you; visit our blog where you will find everything you are looking for!

Check out our latest blog posts
How much is your property worth?

Appraise your property online in 2 minutes.
Free of charge, no strings attached.

Appraise my property for free
What is your purchasing capacity?

Wondering how much you can afford to spend on your dream property? Give a try to our easy calculator.

Calculate my purchasing capacity

Sell at the best price with the expertise of your local agent!

Photo of the real estate agent: Nicolas Pivin
Photo of the real estate agent: Gianluca Sergi
Photo of the real estate agent: Julio Kimmelmann
Photo of the real estate agent: Pierre-Frédéric Von Kaenel
Photo of the real estate agent: Frédéric Frachon

Benefit from a 15-minute consultation with one of our experts.

Free and without obligation.
Reservation online.

Benefit from a 15-minute consultation with one of our experts.

Free and without obligation.
Reservation online.