Guernsey Mortgages
| Product Name | Product Features | LTV | Pay Rate | APR | Product | Product Fees | Early Repayment Charges |
|---|---|---|---|---|---|---|---|
| 3 Year Base Rate Tracker | Guaranteed to track the Bank of England Base Rate for 3 years (with a minimum Base Rate (floor) of 0.10%) | Up to 70% | 3.99% (Base + 3.89%) | 5.0% | BT001 | £2,999 for purchases* £1,999 for remortgages* | 3% until end of tracker term |
| 5 Year Fixed | Fixed rate of interest until 30 November 2025 | Up to 70% | 4.49% | 5.1% | BF003 | 5% until 30.11.25 |
Rates correct as at 11 September 2020
*Includes a free standard valuation
The minimum loan size is £100,000 and the maximum loan to any individual, together with connected persons is £3 million.
Following the fixed or tracker period outlined above the interest rate will revert to Skipton International Channel Island Buy to Let Follow on Rate (currently 4.99%). A rental income of 125% is required, based on a simple calculation at 6.0%.
Our mortgage products are portable and if you move house can be applied to your new property (subject to it meeting our criteria).
Interest is calculated on a daily basis and monthly payments must be made in arrears by direct debit on the first working day of each month. As with all mortgages, if the mortgage is repaid after the end of tracker period, interest to the date of redemption will be payable.
Product fees are non-refundable and must be paid on application. Our mortgage products can be withdrawn at very short notice.
Click here to view all of our Guernsey Buy to Let Mortgage Rates.
Return to the Guernsey Mortgage page.