The LIBOR (London Interbank Offered Rate), which was one of the most important indicators on the financial markets, will be discontinued by the end of 2021. The LIBOR mortgage will therefore be replaced by the SARON mortgage.
With the new SARON mortgage, you benefit from a flexible money market mortgage with a Swiss base interest rate. With the introduction of the SARON mortgage, UBS will stop offering LIBOR mortgages. The exact procedure for converting an existing LIBOR mortgage will be announced in due course.
The procedure for the conversion of current UBS LIBOR mortgages will be announced in due course.
As a general rule, once the new SARON mortgage has launched, clients will have an opportunity to convert all or part of their LIBOR mortgage into a SARON mortgage at the end of the fixed-interest period (that is, within 3, 6 or 12 months).
Our advice – your benefits
- Verification of the purchase price based on reference properties and location
- Comprehensive information on the municipality, price level and tax rate
- Development of the perfect financing strategy for you
- On request: mortgage decisions within 24 hours
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