Renewing your mortgage in Geneva
If your mortgage is coming to maturity in Geneva, it is the ideal time to compare market offers. Do not automatically renew with your current bank without exploring alternatives -- rate differences between lenders can be significant.
Why compare at renewal?
Many Geneva homeowners renew their mortgage by default with their current bank, out of convenience or lack of time. This is a potentially costly mistake:
| Mortgage | Rate difference | Annual saving | Saving over 10 years |
|---|---|---|---|
| CHF 600,000 | 0.15% | CHF 900 | CHF 9,000 |
| CHF 800,000 | 0.20% | CHF 1,600 | CHF 16,000 |
| CHF 1,200,000 | 0.25% | CHF 3,000 | CHF 30,000 |
In Geneva, where mortgages are often for large amounts, these savings are even more significant.
The ideal timeline
- 18 months before: first contact with a broker, assessment of your situation
- 12 months before: active comparison of offers, negotiation
- 6 months before: decision on new lender and conditions
- 3 months before: finalisation of administrative procedures
- Maturity: transition to the new mortgage
Compare offers for your renewal
Request a free analysisSARON or fixed rate for your renewal?
At renewal, you must choose between a SARON mortgage (variable rate) and a fixed rate. Here are the considerations in Geneva:
- SARON: currently advantageous (margin 0.64% to 1.20%), but the rate can fluctuate. Suitable if you can tolerate some variability.
- Fixed rate: budget security for 2 to 15 years. Current 10-year fixed rates range between 1.50% and 2.05%.
- Mixed strategy: combining SARON and fixed rate by splitting into tranches. Be aware of the captivity risk.
We analyse your profile and recommend the most suitable strategy. Learn more about the SARON vs fixed rate choice.