Two Geneva fintechs are joining forces to make it easier to buy home ownership in Switzerland
Evahomes.ch, a residential real estate financing solution, and e-Potek, an e-real estate broker and mortgage advisory firm, have entered into an exclusive partnership to help future buyers purchase a home. Your goal is to offer a solution to cover the equity capital required to implement a real estate project.
Reduce the equity required for the mortgage loan
While interest rates are at an all-time low, prices are rising. When it comes to granting a mortgage loan, the requirement for at least 20% equity capital is the main obstacle to home ownership. Today, only 40% of households in Switzerland are homeowners. Of the 60% of tenants, 21% would like to own a property, whereas only 3% are able to do so.
For this reason Evahomes.ch offers financially strong people an alternative income solution that meets the regulatory requirements. The latter only require 10% equity to become a home owner. As with a classic acquisition, the bank can finance the property up to 80%, while the purchaser covers at least 10% of the purchase price with his assets. The remaining equity is provided by qualified Swiss investors with an annual return of 3 to 7%, depending on the risk profile of the overall situation of the buyer.
The solution enables home ownership with less equity and thus opens up this perspective to more people in Switzerland. The company e-Potek saw Evahomes.ch's innovative proposal as an opportunity to expand its mandate to facilitate access to mortgage credit.
"Some of our customers borrow money from their families to supplement their equity. Evahomes.ch represents a solution with an interesting tax advantage for those people who do not want or cannot rely on their relatives", explains Yannis Eggert, Director at e -Potek.
Accompany and facilitate the buying process for future buyers
The chosen financing solution can be optimized through the partnership with e-Potek. e-Potek enables future buyers to determine the best financing conditions from all lenders on the market and to benefit from tailor-made professional support in the areas of mortgage financing, retirement provision and real estate taxation from the beginning to the end of the project. "Thanks to the partnership with e-Potek, we can expand our service to more households. This is in line with our mandate to lower the entry barriers for new homeowners in Switzerland as much as possible," added Tafsir Bâ, CEO of Evahomes.ch.
The buyer then pays a monthly amount, which depends on the theoretical rental yield of the property, the duration of the contract, the personal circumstances of the buyer and the investment profile. At the end of the contract, the equity is built up and the rent is reduced to the usual mortgage interest. Potential buyers with sufficient equity can also opt for this alternative if they want to have cash at their disposal.
Opportunity for returns for investors
In an economic climate in which savings returns are close to 0% and real estate returns are around 3%, indirect real estate investment via Evahomes.ch is a real opportunity. E-Potek has raised an initial fundraising of CHF 7 on behalf of Evahomes.ch .5 million and the two companies are already considering one
further fundraising. For investors lending their equity to future buyers, this is a once in a lifetime opportunity to
Investing in the Swiss real estate market at competitive returns.
"We have been approached by many private investors who want to invest and participate in fundraising and have not been able to meet that demand. So far, fundraising has been aimed primarily at a select few qualified investors who have been looking to invest in this type of opportunity for several years However, in view of the great demand from future buyers who would like to apply for a loan at Evahomes.ch, we believe that we can make the investment opportunity available to the general public very quickly, "says Yannis Eggert, Director at e-Potek.
Via Evahomes.ch
Evahomes.ch was founded in 2020 to make it easier for people with sufficient income and reduced equity to buy their own home without having to pay more than the monthly amount of a traditional rent. This unique offer in Switzerland is 100% digital and enables cheap online financing via the Evahomes.ch platform.
www.evahomes.ch
About e-Potek
The company e-Potek, founded in 2018, has set itself the goal of making applying for a mortgage loan easier, more transparent and faster. Through its online platform combined with the specialist knowledge of its team of experts in the field of mortgage financing, pension provision and real estate taxation, the company supports future buyers in the implementation of their real estate projects. e-Potek currently employs around 15 people and has two branches in western Switzerland (Geneva and Lausanne). The growing company is preparing to open new branches and expand in German-speaking Switzerland.
www.e-potek.ch
Media contacts: Voxia communication
Hertha Baumann: +41 43 344 98 49 –