Conti Financial Services has launched a mortgage scheme for UK buyers of residential property in Switzerland.
The scheme, offering minimum rates of 2.25% for a repayment-only Swiss francs mortgage, has been developed in response to demand from UK buyers who recognise the investment and holiday rental potential of Switzerland, and is available for property purchase or as refinance for improvements.
Conti senior partner Simon Conn says: “Switzerland has long been renowned for the financial acumen of its residents, its great skiing and year-round stunning scenery. With the launch of this scheme, UK buyers keen to enjoy the winter sports scene in resorts such as Gstaad are now able to reap the many benefits of property ownership in this beautiful, highly diverse country.”
“Although there is a repayment-only scheme available, it may be possible to arrange a five-year interest-only reviewable mortgage dependent on personal circumstances.”
There is a minimum loan value of £150,000 with no maximum and schemes are available up to 80% LTV for 20 years (60% for 35-year loans) up to age 70.