Mortgage rates in Switzerland

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Rates updated daily

Our best mortgage rates

Benefit from the most competitive rates on the Swiss market

Variable

SARON

from 0.75%

Fixed

2 years

from 1.07%

Fixed

5 years

from 1.19%

Fixed

10 years

from 1.40%

Indicative rates subject to change based on your profile and project

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Understanding the market

Fixed rate

The fixed rate is locked for the full contract term (2 to 15 years). It gives you full predictability over your mortgage costs, regardless of market changes.

SARON rate

The SARON rate (Swiss Average Rate Overnight) is a variable rate that follows the Swiss money market. It can be more attractive in the short term but carries an upward-rate risk.

Swiss mortgage rate trends in 2026

Since mid-2025, the Swiss National Bank (SNB) has held its benchmark rate at 0% — a historically low level that translates into highly competitive mortgage conditions. 10-year fixed rates are currently around 1.5% at many institutions, while the SARON allows borrowers to benefit directly from the zero benchmark rate.

However, since October 2025, fixed-rate mortgages have edged up by 0.2%, as banks anticipate a future normalisation of rates. The UBS takeover of Credit Suisse has also led to a slight increase in banking margins. For 2026, most experts — including PostFinance, Swiss Life and moneyland.ch — expect a stable, sideways trend with no major moves in either direction.

The current period remains favourable for taking out or renewing a mortgage, as rates stay close to historic lows. If you have a mortgage coming due in the next 12 to 24 months, it makes sense to start comparing offers now.

How to get the best mortgage rate in Switzerland

  • Maximise your equity: the more equity you bring, the better your loan-to-value ratio — which directly translates into a lower rate.
  • Optimise your affordability ratio: a total cost burden below 25% of gross income positions you as a low-risk borrower and strengthens your negotiating position.
  • Compare multiple lenders: banks, insurers and pension funds offer very different conditions. On a CHF 600,000 mortgage over 10 years, a 0.3% difference equals CHF 18,000 in savings.
  • Anticipate your renewal: you can lock in a favourable rate up to 24 months before your current mortgage expires with a forward mortgage.

Use our mortgage calculator to estimate your borrowing capacity and get a first indication of the rates you can expect.

Fixed-rate vs SARON: making the right choice in 2026

  • Choose fixed-rate if: you want long-term cost security, your budget is tight, or you want to hedge against potential rate increases. With 5-year fixed rates from 1.11% and 10-year from 1.39%, current conditions are historically attractive.
  • Choose SARON if: you have sufficient financial reserves to absorb a potential rate increase, plan to sell the property in the short term, or want to benefit directly from the SNB benchmark rate at 0%.

Frequently asked questions about Swiss mortgage rates

Will rates fall further in 2026?

The SNB is holding its rate at 0% and no further cuts are expected. Experts forecast stable mortgage rates for 2026, with a slight upward bias on long-term fixed rates due to capital market dynamics.

Can I renegotiate my mortgage before it expires?

Yes, through a forward mortgage you can secure a new rate up to 24 months before your current contract ends. A small premium is applied depending on how far in advance you lock in.

How is RealAdvisor Finance compensated?

The first meeting is at no cost. Pricing then depends on the advisor and the chosen service, shown transparently before any engagement. Thanks to our negotiating power, we often secure better rates than approaching lenders directly.

What mortgage term should I choose right now?

Experts currently recommend terms of 5 to 10 years to benefit from fixed-rate security while maintaining medium-term flexibility. Conservative borrowers tend to favour 10 years for maximum peace of mind on their monthly costs.

Can I get a Swiss mortgage with a B permit?

Yes. Most Swiss banks lend to B-permit holders who live and pay taxes in Switzerland, sometimes with slightly stricter criteria. C-permit holders are generally treated like Swiss citizens. An independent advisor can point you to the lenders most open to your situation.

How much deposit do I need as an expat?

At least 20% of the purchase price, of which a minimum of 10% must come from your own liquid funds (cash or third pillar). Swiss residents can complement the deposit with second pillar assets. Ongoing costs must not exceed roughly one third of your gross income at a theoretical rate of 5%.

Can non-residents buy property in Switzerland?

Purchases by non-residents are restricted by the Lex Koller. Buying a primary residence requires Swiss residency, while holiday homes are limited to specific quotas and locations. If you are relocating to Switzerland, financing your future primary residence is usually straightforward.

Getting a Swiss mortgage as an expat

Switzerland's mortgage market is open to foreign residents, and rates do not depend on your nationality. What matters to lenders is your residency status, income stability and deposit. B and C permit holders living in Switzerland can access the same products as Swiss citizens, including SARON and long-term fixed rates.

The main differences for expats lie in the documentation (foreign income, vesting benefits transferred from abroad, taxation at source) and in how each bank assesses them. This is precisely where comparing lenders pays off: criteria vary widely, and an offer refused by one institution can be excellent at another.

Our network includes English-speaking independent advisors across Switzerland who guide expats through the whole process, from affordability check to signing. The first consultation is at no cost. Find an English-speaking advisor

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