SARON mortgage

The variable mortgage with attractive interest rates

Benefit from an attractive, market-based interest rate with unlimited term
Keep full flexibility and switch to a fixed-rate mortgage any time free of charge

Arrange a consultation

SARON mortgage benefits

Benefit from a market-based interest rate indexed in Switzerland.

Attractive, market-based interest rate

SARON interest rates fluctuate with the market. When rates rise, you pay more, and when rates fall, you pay less.

Switch and combine

Reduce your interest rate risk anytime and switch your SARON to a fixed-rate mortgage or combine the two.

Unlimited contract

No need to decide on the term, SARON contracts have no expiration date.

Full flexibility

Benefit from a 1-month cancellation period and free-of-charge amortization with the UBS SARON Flex Mortgage.

Personal mortgage advisor

Your personal mortgage advisor will guide you from the property viewing to signing the mortgage – and beyond.

What is my interest rate?

Your mortgage is as unique as your property. That is why we are happy to calculate the interest rate offer for you based on your personal circumstances – free of charge.

Receive a free personal consultation with our mortgage experts

Receive a free personal consultation with mortgage experts including:

Appraisal for your desired property
Interest rate proposal to learn how much you need to pay for your mortgage each month
Fast credit decision within 48 hours
Tips and support in the bidding process

What are you looking to finance?

Dreaming about your own home? Want to buy a property to rent out? Check what purpose you can take out a mortgage for.

First home

Benefit from special offers with attractive interest rates and be assured that our mortgage experts are here for you.

Vacation home or investment property

Benefit from useful tools (Municipality Guide) and our extensive market knowledge in Switzerland.

Prolong your mortgage

If your mortgage is coming to an end, talk to us about extending your mortgage and about our renovation offerings.

Switch your mortgage to UBS

Save with attractive rates – we take care of everything else.

All about SARON mortgage

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What is SARON and how is it calculated?

The SARON (Swiss Average Rate Overnight) has existed since 2009 and is calculated daily on the basis of completed transactions and binding quotes (buy and sell prices) in the Swiss money market.

The calculation method was developed by SIX Group Ltd (SIX) in association with the Swiss National Bank (SNB). The SARON is publicly visible, transparent and is calculated and published by SIX daily after the close of trading. SIX, which maintains the infrastructure for the Swiss financial center, calculates and publishes the rate each day immediately after close of trade (6:00 p.m. UTC).

Link to the Compounded SARON Calculator

Who is a SARON mortgage suitable for?

How high is my SARON interest rate?

To prevent you as a client from having to pay interest every day, we offer three-month interest rate calculation periods. SIX (the benchmark administrator) offers the Compounded SARON reference interest rate to determine the interest rate to be paid at the end of a calculation period. This rate is derived for a given period from the average of the daily-compounded SARON interest rates.

For SARON mortgages, this means that the interest rate and thus the interest payment to be made are determined on the penultimate day of the interest period.

How SARON mortgages work

How can I minimize my interest risk with SARON?

The SARON mortgage closely tracks changes in the money market. This is welcome in times of falling interest rates, but not desirable when rates are rising. You can protect yourself against rising interest rates by converting some or all of the SARON mortgage into a multi-year fixed-rate mortgage. With a fixed-rate mortgage, you set the interest rate for the entire term of the mortgage.

By combining several mortgages with different terms, you minimize the risk of having to renew the entire mortgage all at once if interest rates change unfavorably.

We recommend regularly reviewing your mortgage strategy with your client advisor.

What are the conditions?

Interest rate: variable, based on the Compounded SARON. We are happy to calculate the interest rate offer based on your personal circumstances – free of charge.

Term: indefinite

Interest risk: interest rate fluctuations may arise during the contract term

Conclusion: the mortgage can either be paid out immediately or at a later date (up to twelve months in advance; longer advances on request)

Financing: for all types of real estate (houses, apartments, holiday properties or construction projects in Switzerland)

Repayments: can be contractually agreed

Benefit from additional flexibility options with the UBS SARON Flex mortgage:

Termination: Termination period of 1 month; 10 days if the property is sold
Repayment: Optional extraordinary reduction of the loan amount once per calendar quarter

What are the differences between Libor and SARON?

What are the advantages and disadvantages of a SARON mortgage?

Which SARON mortgage is the right mortgage for me?

Depending on how much flexibility you require, e.g., because you are planning on selling your home soon or you expect a significant income and plan to back your mortgage, a more flexible SARON mortgage may be worthwhile for you.

UBS SARON Mortgage

Unlimited contract term
Variable interest rate during the entire duration of the contract
Switch to UBS fixed-rate mortgage anytime
Available to finance all types of real estate
Benchmark interest rate based on the Compounded Swiss Average Rate Overnight (SARON)
Accounting period of three months starting at the end of each quarter¹

¹ If the mortgage is paid out during a quarter, the first accounting period starts on the date on which the mortgage is paid out and continues until the end of the quarter. The amount of interest to be paid is calculated and announced one day before the end of the accounting period.

UBS SARON Flex Mortgage

Everything that’s included in the SARON Mortgage. In addition, you can benefit from additional flexibility for a fee:

Termination: Termination period of 1 month; 10 days if the property is sold
Repayment: Optional extraordinary reduction of the loan amount once per calendar quarter

Unsure what’s the right mortgage for you?

Receive a free advice or individual offer and, on request, a mortgage decision within 48 hours.

Personal advice from experienced mortgage advisors
From the comfort of your home or your place of work
Our advisors are here for you:
Monday – Thursday: 08:00 a.m. – 08:00 p.m.
Friday: 08:00 a.m. – 5:30 p.m.

Arrange a consultation

Questions about mortgages? Call us on 0800 002 559