Own funds
In one sentence
The 20 % of the price you must contribute, of which at least 10 % from outside the second pillar.
What it changes for you
The «hard» 10 % rule is the one people discover too late: a large pension-fund balance is not enough, you need savings, a pillar 3a, a gift or an advance on inheritance. Add notary and land-registry fees, which own funds must also cover and which financing plans regularly forget.
Read next
- AffordabilityThe bank’s test: your theoretical housing costs must not exceed a third of gross income.
- Mortgage amortisationThe duty to bring the debt down to two thirds of the property value within fifteen years.
- Pillar 3aTied retirement savings: deductible from taxable income, locked until retirement with exceptions.