The main types of mortgages in Switzerland are:

• Fixed-rate mortgages

  This ensures that the interest rate remains the same throughout the duration of the mortgage and you repay a fixed amount every month. This means interest rates changes won’t affect you, which is good news if they rise, although you could miss out if they are lowered.

• Variable-rate mortgages

  Interest rates continue to adjust with variable -rate mortgages so your payments can rise or fall accordingly.

• SARON mortgages

  A Swiss Average Rate Overnight (SARON) mortgage is similar to a variable rate mortgage, although the difference is that rather than fluctuating throughout the duration of the mortgage, the interest rates change at the end of agreed rollover terms.