Mortgages

Introducing the
100% LTV Next Generation Mortgage

This Guernsey mortgage overcomes an increasing problem for first and second time buyers, the funding of a deposit, so will be particularly attractive to those looking to join the property ladder in Guernsey. Buyers will need the support of a family member who is prepared to help them by providing a guarantee.

Our friendly mortgage team could give you a personal mortgage illustration and a decision in principle over the phone, so call 730730 today to find our how much you could borrow.

Information

The guarantee may be held as an interest earning offshore deposit with Skipton International Limited or taken as a bond on a suitable property in Guernsey, Jersey or Alderney, such as a family home. The guarantee will be equivalent to the value of the mortgage that is in excess of 85% LTV.

Whilst many people would like to financially assist house buyers within their family they may not be able or wish to gift sufficient monies.

The Next Generation Mortgage approach has the advantage of the guarantor maintaining ownership of funds and benefiting from interest income if the security is in the form of an offshore deposit account with Skipton International Limited. Whilst security is in place the guarantor will not be able to withdraw funds from the guarantee account.

The Next Generation Mortgage is offered with the following interest rate options:-

5.39%
fixed until 30 April 2015
(6.1% APR)

5.59%
fixed until 30 April 2018
(6.1% APR)

The Next Generation Mortgage has a £999 administration fee which is payable prior to completion. On maturity a variable rate will be offered of 1% above Skipton International's Standard Variable Rate or further new fixed rates may be offered.

For further information please read Our Frequently Asked Questions.

Application Forms

Mortgage Application Form - Guernsey

Bond Guarantor Questionnaire

Savings Guarantor Questionnaire

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Need Mortgage Advice?

Click below to talk to one of our Mortgage team.

Skipton International Limited is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 1994, as amended.
Skipton International Limited provides offshore savings accounts and residential mortgages in Jersey and Guernsey.

To help maintain service and quality, telephone calls may be recorded and monitored.

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European Union Savings Tax Directive
Information for all EU Residents (including the UK)

This communication outlines the changes implemented, by the Government of Guernsey, on 1 January 2011, to the EU Savings Tax Directive ("The Directive").

Automatic Exchange of Information

If you are resident in the EU (including the UK) gross interest will be paid to you and be subject to an automatic exchange of information with The Guernsey Income Tax Authority. This report will detail your full name, postal address, account number/s, date of birth, place of birth, tax identification number (if known) and the amount of interest added to your account/s. Thereafter this will be forwarded to the tax authorities in your country of residence.

If you are deemed to be "non-domiciled" for tax purposes in your country of residence, we may be able to pay you gross interest without the need to submit an exchange of information report. To arrange this we require confirmation of your tax status, e.g. a letter issued by the tax authorities in your country of residence or accountants.

Non EU residents will continue to receive gross interest and it remains the responsibility of individual investors to disclose the interest earned on their accounts to the relevant tax authorities.