Subsidies
The subsidy of an object consists of an interest-free loan, which must be repaid from the fifth year after the subsidy is disbursed - subject to the object being rented out. The loan for dense construction is additionally received when building or buying an object in dense superstructure.
Loan for the object/own home (cf. Art. 21 WBFG)
The loan is granted interest-free and corresponds to an amount of CHF 60,000 for a minimum net living space of 60 m2. The loan increases by CHF 1,000 for each additional full square meter, so that for a property with the maximum permissible net living space of 150 m2, the loan amounts to CHF 150,000.
Loans for dense construction (cf. Art. 22 WBFG)
An additional "second" loan of one-third of the "first" loan is provided when residential units are constructed or acquired in dense overlay development. Loans are disbursed as a total amount and must also be repaid as a total amount.
Example: "first" loan of CHF 150,000 -> "second" loan CHF 50,000
Real estate security/bank mortgage
The WBF loan must be secured in the land register in the second rank and with a prohibition of sale. The bank mortgage in the first rank may not exceed 65% of four times the amount of the loan. Any residual financing must be arranged with the bank.
Calculation example for a home with a net living area of 150 m2 in dense construction is subsidized with an interest-free loan in the amount of CHF 150,000 and a second interest-free loan for dense construction in the amount of CHF 50,000. CHF 200,00 in subsidies will be paid.
The mortgage security is structured as follows:
- Bank mortgage (process in the 1st rank) max. CHF 390,000
- WBF - 2nd rank mortgage CHF 200,000
Disbursement of the grant funds
The disbursement of the grant funds takes place:
- in theconstruction of an owner-occupied home after its completion and the presentation of the final account;
- in the acquisition of an owner-occupied home after its execution in the land register;
- in the renewal of an owner-occupied home after the land registry execution and completion.
When the subsidy funds are disbursed, the legal term of the interest-free loan begins. The bank may pre-finance the loan granted. The subsidy funds are transferred to the construction loan account maintained at the bank.