Financing

The Luxembourg Private Equity and Venture Capital Association (LPEA) has recently launched a technical committee dedicated to fund financing. In an exclusive interview, Yves Wampach, IRM – Lending-Fund Finance at Spuerkeess and newly elected co-chair of the new ‘Fund Financing’ Technical Committee” within the LPEA, shares the origins of this initiative and its ambitious goals.

Do you like the idea of helping to finance a project that respects the planet and treats its employees fairly, with ethical values? In this case, Alternative Savings from etika should be of particular interest to you. Any project that respects the environment, and/or involves social issues and/or is based on solidarity, is worthy of special attention from Spuerkeess, which proposes a solidarity mechanism, the Alternative Loan, in partnership with etika. Find out more about these two solidarity products in this article, with our expert Zoé Peter, Corporate Relationship Manager at Spuerkeess.  

Private asset funds in general and their ancillary entities have gained a strategic importance within Luxembourg's financial ecosystem and lending to the fund industry is playing a growing role on the financial place. In the context of these market dynamics, Spuerkeess completes its product offering to the Luxembourg fund industry with two main lending products: Equity bridge financing (EBF) to Luxembourg alternative funds and other liquidity credit facilities to mainstream / alternative funds. In setting up a new Luxembourg fund or in driving growth for existing ones, why not taking advantage of such facilities, should the structuring and risk profile match the risk appetite of the bank? In this first article, Paolo RADAELLI, Team Manager Lending-Fund Finance and Yves WAMPACH, IRM – Lending-Fund Finance at Spuerkeess introduce the EBF product offered by the bank.

The new government has stated its intention to boost the housing sector and made this an urgent priority for its administration. Measures have been announced and changes are under way. How does this affect mortgages? We interviewed our expert Michel Marx, Team Manager Retail Banking at Spuerkeess, to find out the situation with regard to investments and the financing of buy-to-let properties. Happy reading!

While the Autofestival is being prepared in the various car dealerships and garages in Luxembourg, Sophie and Marc are asking themselves 1001 questions! Which car should you buy with a child and a dog? Is it better to buy or to rent? All they know is that they need a second car and for the rest of their questions, they count on Autofestival to answer them.

Your child is about to turn 18 - it’s hard to believe he is an adult now! It seems like just yesterday that you held him in your arms for the first time, but that already was 18 years ago. Time really does fly! The only thing that matters for him at the moment is to pass his driving licence and buy his first car.

'Should we buy or rent?', ask Julie and Charel, a young couple in the process of making life's big decisions. Having recently completed their studies, they're now well established in their jobs and looking forward to embarking on a new stage in their lives: the time has come to buy their first home.

Many unforeseen events can occur in life: a desire to move elsewhere for a work opportunity, downsizing your home as you approach retirement, a divorce or separation. These events can cost more than you've acquired so far, so financing is an absolute must! But will your bank support you in this change, given your advanced age?

Comfortably installed in his Paris studio, Sam feels privileged compared to his colleagues at the Sorbonne, where he has been accepted for his first year of law studies. Sam walks home from class because strolling through the alleys and lanes of Paris has become a source of inspiration. The support of his parents, financial aid and his state-guaranteed student loan mean that he can concentrate 100% on his studies. Find out more about his approach and the new digital solutions that make student life easier.

Louise is 19 years old and lives in Luxembourg with her mother and brother. She has just finished the last oral sessions on her final exams, and is waiting for the results. Phew! Soon a little rest and then the holidays. Despite being an excellent student, Louise put a lot of pressure on herself during her exams. Fortunately, her mother was very attentive, cooking her favourite dishes and supporting her as best she could during this stressful period.

Wherever you choose to study, you're automatically entitled to financial aid! You're wondering how to go about it, or how interest rates work if you take out a state-guaranteed student loan! Find out all about financial aid, deadlines, rates and the 100% digital solution for obtaining your student loan.

Baccalaureate diploma in hand? Your well-deserved holidays are almost over? Perhaps you've already started at university or you're making your final preparations before the big departure? Find out about your financial aid and the 100% digital Spuerkeess application via S-Net Mobile for your state-guaranteed student loan.

Do you have a property project on the horizon for which you're already thinking about applying for a loan from your bank? Spuerkeess supports you and adapts to your needs. To make it easier for you to purchase your property, you can apply for a home loan directly online via S-Net, with the support of a Housing Advisor. Mirko Kessler, Team Manager of the Lending Division at Spuerkeess, explains why the bank wanted to digitalise its customer journey.

Sophie used to dream of a house with a big kitchen garden where she could grow vegetables and pretty rose bushes to her heart’s content. When she and Marc found their home, it wasn’t in the best condition – but they jumped at the chance to sign on the dotted line without really thinking about how much it would cost to repair. Now, a few years later, they have finally decided to tackle their renovation project.

You've found your dream house, and all you have to do now is take out a housing loan with your bank. You're wondering whether to go for a fixed or variable rate. There are no right answers and no magic formula. Since no two properties are alike, your Housing Advisor is best placed to offer you financing solutions suited to your project and, above all, to your personal and financial situation. Still, there are some important differences between fixed and variable rates.

We asked Charles Pletsch, “Vice President and Head of Business Unit” at Spuerkeess, specialising in home loans, to share his view on interest rate trends and their impact on the Luxembourg real estate market. We also asked if he had any recommendations for first-time home buyers interested in becoming homeowners, and for current homeowners still paying on their mortgage.

In February you received the famous letter from the Tax Administration asking you to submit your tax return for the previous year. From now on, the deadline for submitting your return is 31 December of the following year. In order to take better advantage of the possibilities offered by the Luxembourg government to reduce your tax burden, we have grouped together for you the products that are deductible from the taxable amount. We have also provided you with a tool to help you manage your tax return more effectively, and above all to save time and money!

Are you considering a real estate project but don't know if you can afford it? You can find out the sum that you'd need to borrow and how much you are able to repay by producing a financing plan!

You are an expatriate in Luxembourg and you need a car? Lease Plus is the perfect leasing solution ... not only for expats!

Every year it’s the same old story: Marc starts very early to gather all the documents to make his tax return, but when it comes to collecting Sophie’s documents, it's a real headache! Let's just say that we do not all have the same organisational qualities and that when organisation is one of our strong points, it is difficult to remain patient with a more “carefree” person like Sophie. Admittedly, opposites attract, but for the benefit of their couple, Spuerkeess has put in place a safe deposit box in the new Tax Area in S-Net Desktop, which will make life easier for them and also their couple! Read on to find out more ...

Don't procrastinate ... while the deadline for submitting the tax return is now 31 December of the year following the tax year in question, Marc likes to complete this task as soon as possible. Since the arrival of the tax safe in S-Net, he has been able to gather all the documents he needs and filling in his return is so much easier. Thanks to the VIREO myTax digital tax assistant in S-Net, the declaration is now done in the blink of an eye.

Since moving into their first home and undertaking the renovation of their new house, Sophie has developed a passion for interior design. She therefore decided to transition to a new career and enrol in an in-depth training course. With a busy schedule, fortunately she can now make her Spuerkeess appointment via S-Net and spuerkeess.lu!

“Who in their right mind would want to lease a car?”, “It’s more expensive than buying and you don’t even own the car”, “There are always hidden costs”, “It’s too good to be true”. It would seem that certain misconceptions die hard. Fortunately, we are here to put that right.

You've decided to invest in real estate? Congratulations! Investing in bricks and mortar remains an interesting bet when preparing your retirement. It enables you to diversify your savings and to generate additional income. So it’s all good news then? Yes, providing that you do your research. Here are some ideas for investing successfully in rental properties.

Over the past weeks, the media has taken up the topic of the rising interest rates which is causing our clients to ask all sorts of questions about their loans. We’ve asked Charles Pletsch, Vice President and Head of Business Unit at Spuerkeess and housing loan expert, to share two tips on how to best manage your housing project.

Ever since she first became a mum, Sophie has loved Mother’s Day. She always looks forward to the day, wondering what Lily will have made for her at nursery. Then the big day arrives, and her special little girl presents her with a multi-coloured object, with a huge smile on her face, shouting impatiently, “It’s for you, Mum, open it! ”. What will Mother's Day have in store for her this year?

After a long discussion with her aunt Elise, the answer was staring Sophie in the face... If her aunt doesn't feel up to looking after her beautiful house any more and wants to live in a small flat instead, Sophie won't stop her. Indeed, when Aunt Elise has an idea, it is best not to stand in her way. Moreover, Aunt Elise's house would be perfect for Sophie and Marc as they are talking more and more about extending their family but don't have enough room where they currently live. The answer to everyone's situation? Sophie and Marc will buy Aunt Elise's beautiful house, but before moving in, they'll do some renovations to improve its energy performance.

In Luxembourg and everywhere in Europe, the taxation of individuals continues to become more complex each year. Unfortunately, many taxpayers are paying the price and often do not pay the right amount of tax. This is why the digitalisation of taxation was essential. Both to make the filing of the tax return accessible to everyone and to facilitate the completion and calculations for professionals in the sector. In this interview, Jonathan Marroyen, co-founder and CEO of VIREO, the Luxembourg start-up at the origin of myTax, explains how this digital assistant makes taxation accessible and fair for everyone.

Enovos is installing numerous photovoltaic power plants in the country in response to a call for tenders issued by the State. In addition to the rooftop installations that we are all familiar with, other types of technologies are being developed in Luxembourg. Anouk Hilger, Head of Renewable Energies at Enovos Luxembourg, presents the various installations in the country for which the group is deploying different technologies.

When Shauna and her husband moved into their flat in Bonnevoie, they didn’t have children and swore by public transport. But as their family has grown, they now definitely prefer travelling by car. When Shauna learned that she was expecting twins, it was a wonderful surprise. But with not one but two children running around, how would she and her husband manage to get them ready every morning and take them to nursery without then missing their bus to work? Shauna and her husband quickly decided it was time for them to invest in a car to make their lives easier.

For Sophie and Marc, 2021 wasn’t exactly a typical year. The COVID-19 health crisis caused them to change their habits and made them more sensitive to environmental issues and their consumer behaviour. Last summer they bought electric bikes to get around in a more eco-friendly way, but during the winter they realised that some trips are much easier for them by car. That’s why their new year’s resolution for 2022 is to replace their family car with a more sustainable vehicle that's better for the environment.

The difference between owning and leasing a car is solely based on the means to achieve one same goal: to get you your dream car!

With "Energy Contracting", LuxEnergie offers tailor-made, turnkey energy solutions that include not only the construction and financing of energy plants (with or without heat/cold networks), but also long-term operation. The customer is supplied with usable energy directly without having to rely upon extensive technical or administrative efforts. For more than 30 years, business customers such as municipalities, health care institutions, service and industrial companies have benefited from this service. With the development of new residential areas with central energy production facilities, this offer will now also become a reality for private customers. We interviewed Mr Paul Weis, Managing Director of LuxEnergie, to find out more about current and future projects.

A few weeks ago, you took a trip with your family to the countryside and came across a magnificent little house for sale. Since then, nobody can stop talking about moving. Despite the house requiring a little renovation work, the entire family is ready to take the plunge. Congratulations! For the occasion, we have drawn up a check-list to help you prepare your loan application.

When Marc and Sophie chose to spend their summer holidays in Luxembourg, it was a joint decision. Sophie saw it as an opportunity to combine gardening, trips and lounging around, but when Marc announced that they would visit the north of the country by bicycle, she was no longer sure she wanted to follow him.

Photovoltaic panels have been installed on the roof of a covered carport at the House of BioHealth in Esch. They are connected directly to the grid and thus generate the equivalent electricity needed to power 93 households for an entire year. Did you know that this is the first facility of its kind in Luxembourg?

Alongside five other Luxembourg banks, Spuerkeess is providing financial support to its professional clients, particularly to those who are facing a lack of liquidity due to the COVID-19 health crisis.

You've probably heard of residual debt insurance. But what does it mean and do you need it?

Dear readers, Sophie and Marc have reached an important milestone: our favourite couple are expecting a baby! Becoming parents brings with it a lot of joy, but also new challenges and compromises. The first one is finding the right car!