LEND - Blog

Bridge loan for mortgages: buy a new property before the old one is sold – here's how!

You already live in your own house or flat and have now found your new dream home? The joy of your new home is quickly joined by the first symptoms of stress at the thought of the financial challenges. This is because buying a new property at the same time as putting your current one on the market often results in a financing gap. In short: the old property has not yet been sold, but you already need another mortgage to finance the new one. Banks in particular are often reluctant to take part in such an endeavour, as they do not agree to a double charge. The banks also call this ‘lack of affordability’. This is where bridge loans come into play.

What do I need to bear in mind with private loan agreements?

The first port of call for a loan is often the closest circle of family and friends. It is usually cheaper and easier to obtain than from a bank – after all, you know each other. However, a loan between private individuals can also cause a rift between friends or relatives. There are therefore a few points to bear in mind.

Taking loan interest into account for tax purposes – here's how it works!

One in three people in Switzerland has or has already had a consumer loan. However, many people still don't realize that interest incurred on personal loans is tax-deductible – and therefore pay more tax than they actually should. We explain here how borrowers can claim their debts in their tax return on 31 March.

What does a loan cost in Switzerland?

Consumer loans are suitable for raising additional funds in the short term, for example to finance a dream project or further education, or to increase your financial flexibility. Taking out a loan involves additional costs – how high these are, depends on the respective offer – and the differences are sometimes enormous. So, what do borrowers need to look out for to avoid unnecessary costs?

Crowdlending, crowdfunding, crowdinvesting – what's the difference?

The direct lending and borrowing of money is now a permanent fixture in the Swiss financial market. The crowd is everywhere: crowdlending, crowdfunding, crowdinvesting. But what are the differences? We shed light on the jungle of terms.

How the mortgage top-up works without a bank

If the bank refuses a mortgage increase, this is by no means the end of the possibilities. LEND offers fair alternatives for increasing a mortgage – without a bank and also in special cases.

Tips for a successful loan application

Many people who are considering taking out a loan are faced with the same question: What does it take for a loan application to be approved? If you follow certain basic rules, nothing stands in the way of success. Here we show you which points you need to take to heart.

Credit in marriage – what is important

Marriage means numerous economic as well as legal changes. But what is the situation like when it comes to unusual transactions, such as taking out a loan?

Loans from family members or friends – what you need to consider

Loans from family members or friends are popular. They often offer better conditions due to the personal relationship. But this is precisely where the challenge lies. To ensure that a loan from family or friends does not end in a dispute, there are a few important points to bear in mind.