The calculation depends on the type of mortgage.
Calculation of mortgage interest for a SARON mortgage
The SARON mortgage has a variable interest rate and an unlimited term. The interest rate consists of the Compounded SARON plus an agreed fixed margin. The interest rate is calculated on the penultimate day of each accounting period. For clarification, it is stipulated that the Compounded SARON can never be less than 0.
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Calculation of mortgage interest for a fixed-rate mortgage
A fixed-rate mortgage has a fixed interest rate for a specifically agreed term. At UBS key4 mortgages you can fix the interest rate up to 18 months in advance.
> More about the fixed-rate mortgage
The following factors also play a role in the calculation of interest rates:
- Your initial financial position
- The condition, location and type of property
- The current market and interest rate environment