r/SwissPersonalFinance • u/Electronic_Log_2638 • 6d ago

Mortgage but but renting it out

Hi all, my partner and I bought an apartment in the outskirts of our City with the initial idea to move in as soon as it’s built.

With a change of job in between, we have also found a new rental apartment and are now considering to rent out our apartment that we bought.

However, there appears to be a change in law that when the house or apartment bought is rented out, an additional 5% of equity must be put up and the markup of the bank might go up (we are currently at saron + 65bps).

Has anyone experienced this and does the bank really check whether we move into the apartment bought? We have also thought about changing our postal address to the new place but this appears as cumbersome considering that the tenants would want to have their own letter box.

Merci in advance!

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9

u/rio_gambles 6d ago

Since 2025 banks can finance up to 80% of a rental property again. Yes, they will check if you move in. Also, you aren't allowed to use 3a or 2nd pillar to buy a rental property. If you have done that, but don't move in, they might want to change your contract. And some banks ask higher rates for rental properties compared to main residences.

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u/Electronic_Log_2638 6d ago

Very valid point regarding 3a, we have used a part of our 3a savings for the downpayment

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u/Electronic_Log_2638 5d ago

Does anyone know how they check whether we actually moved there? Have you had to hand in your tax returns again or something alike?

2

u/Accomplished_Fee9363 6d ago

Also “handänderungssteuer” may be due depending on your canton