Swiss banking group SYZ has extended its service offering, adding mortgage loans to the range of products offered to its private banking clients. This service offering has been developed with Avobis, a Zurich-based company that specialises in this area of business.
With a total value of more than CHF970bn, the mortgage loans market in Switzerland enables a large client base to access properties in Switzerland, while enjoying attractive tax benefits granted to Swiss residents. This type of financing also allows private banking clients to diversify their portfolio of assets.
The mortgage loans offered by Banque SYZ will be reserved for its clients and only for properties located in Switzerland. These may be primary or secondary residences, commercial or mixed-use properties, or luxury properties.
“We firmly believe that this new offering will allow us to respond effectively to the requirements of our clients, who are constantly looking for ways to diversify their investment portfolios,” said Silvan Wyss, head of Wealth Management at SYZ Group.
Avobis will be responsible for analysing mortgage applications and the loans will be granted by Banque SYZ.