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Mortgage questions: looking for a contact with Migro Bank and realtor

Nov 29, 2010 @ 03:22

Hello All,

I am looking into buying my flat and am wondering if anyone in our lovely glocals family knows of either a realtor and/or a contact person with Migro Bank.

It is my understanding that Migro has better financing options than UBS. I am particularly interested in finding a bank (was told by a Swissie that Migro offers this) that has a 10% down (as opposed to 20%).

I am also looking for a realtor that can come and appraise my flat, and who can also work with my regie on finding a better price offer :)

super thanks in advance!

The text you are quoting:

Hello All,

I am looking into buying my flat and am wondering if anyone in our lovely glocals family knows of either a realtor and/or a contact person with Migro Bank.

I am also looking for a realtor that can come and appraise my flat, and who can also work with my regie on finding a better price offer :)

super thanks in advance!

penguinaNov 29, 2010 @ 03:22

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Re: Mortgage questions: looking for a contact with Migro Bank and realtor

Post 1

Nov 29, 2010 @ 09:20

Hi there,

Well if Migros does offer that, then you can just walk into a branch or call their customer services; having 'a contact name' won't produce a more flexible lending policy I'm afraid.

My firm arranges mortgage faciilties. We deal with most of the lenders here and in my experience 15% is the best you can hoppe for. Even then you'll still have to allow for 5 - 6% purchase costs. You probably know you can use your pension to help with this.

What is the role of the regie? If they are acting as the agent of the owner then their job is to maximise the price, not get it reduced. Well anyway the bank will insist on a valuation and it is their valuation that counts because they will only lend (for example 85%) of that amount.

This is probably the best mechanism to get an owner to consider a lower offer. With exchange rates and interest rates as they are, nobody is interested in buying cash, so all his potential buyers will be in the same boat.

Good luck

Phillip