You must provide the equity capital needed to finance your home in cash. If you plan to use money from the 2nd pillar to finance your new apartment or house, you will have to withdraw it. Whether you plan to do this or not, you will need at least 10% equity capital in cash for the investment.

We provide loans of up to 80% of the market value for owner-occupied flats and houses and up to 75% of the market value for multi-family homes. The first mortgage covers 66% and the second mortgage covers 14% of the price.  We do not provide mortgages for special properties such as holiday homes, production facilities, restaurants, business premises and luxury/dream houses.

The market value is the current value of the property to be financed.  We calculate this value based on a valuation.

In Switzerland, you do not need to pay back the first mortgage.

The second mortgage must be paid back within 15 years, or by the time you retire at the latest. You can also directly or indirectly pay back the mortgage using a provident insurance policy. In this case, you pledge the policy as security.

You cannot cancel a fixed-rate mortgage during the mortgage term. If you sell your property before the end of the term, it is possible to pay a fee to divest the mortgage. You can cancel a variable mortgage at any time with a six-month notice period.

Life insurance is the perfect way to protect or pay back your mortgage. You can purchase life insurance from an insurer of your choice – and of course Generali will always be happy to help you with this. We provide expert, customised advice if you decide you are interested in this practical solution.