Do you live in Switzerland and would you like to apply for an owner-occupied home mortgage or rental mortgage in the Netherlands? Then at many banks you will encounter the fact that you do not have any income in euros, but are paid in foreign currency, namely Swiss francs (CHF). However, taking out a mortgage with income from Switzerland in the Netherlands is one of the options. For both the purchase of a second home (pied-à-terre) and your own home when you wish to return to the Netherlands, we can guide and support you with financing.
Mortgage credit directive (MCD)
As of 2016, the Mortgage credit directive has been introduced in Europe. The promise of this directive was that there would be a European market and therefore more competition / freedom of choice for consumers. However, due to the introduction of this European directive, banks, insurers and other providers of mortgage loans are reluctant to provide mortgages to consumers with an income other than Euros. Dutch people in Switzerland who receive their income from Switzerland in the local currency and Swiss people (individuals with Swiss nationality) are affected by this, as there is limited choice and not every lender welcomes them.
Not a wide choice: very limited number of lenders
Under certain conditions, you can buy a primary residence, second home or investment property in the Netherlands with an income from Switzerland. Such mortgage applications are always based on customization.
- Mortgage with income in foreign currency
- How do I get a mortgage in the Netherlands if I live abroad?
Country of residence and work Switzerland or the Netherlands?
It also makes a difference for the financing where you are going to live or where you currently live. For example, do you have plans to return to the Netherlands permanently or do you wish to keep a second home in the Netherlands? Depending on your wishes and personal situation, for example remigration to the Netherlands, we recommend a suitable mortgage and look for a suitable lender.
Financing of properties in the Netherlands with income in Swiss francs
At Bliss, we only mediate mortgages for collateral throughout the Kingdom of the Netherlands (and therefore also on Curaçao). We can support you in financing your new home, investment properties or business premises. If you have a home or real estate portfolio, we can establish a mortgage on your home in the Netherlands or any investment properties for, for example, the purchase of a second home in Switzerland. Also in this situation it is possible to have income in the local currency. If you want to buy a house in Switzerland, we cannot help you with local financing from a Swiss bank. We can refer you within our business network.
Second home transfer tax
If you want to purchase a second home (next to your home in Switzerland) in 2023, it is important to take into account a rate of 10.4% for the transfer tax. The rate for a first home, for example after returning from Switzerland, is in most situations 2%, unless you can make use of the so-called starter exemption.
Notary service
To actually be able to use the mortgage offer, a mortgage deed will have to be signed. Due to your busy life and travel schedule, it may be better not to have to fly to the Netherlands several times and it may not even be necessary, depending on availability, to sign a local power of attorney. In the start-up phase of the mortgage application, we can assist you in scheduling a notary appointment, so that you only have to sign a power of attorney once. The notary is located 20 minutes from Schiphol Airport, making it easy to combine. At Bliss we also guide you in this part of the process and we try to make our working method as efficient as possible.
Tell us your story
Do you have any questions or would you like to receive more information about applying for a mortgage with income in Swiss francs?
Then contact us without obligation and we will schedule a call appointment or video call session using Teams, Zoom or Google Meet.
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