Guernsey Next Generation Mortgage

Introducing the 100% LTV next Generation Mortgage

This 100% LTV mortgage overcomes an increasing problem for first and second time buyers, the funding of a deposit, so will be attractive to those looking to join the property ladder in Guernsey or move up to a larger home. Buyers will need the support of a family member who is prepared to help them by providing a guarantee.

A single call to our friendly mortgage team on 734000 could give you a personal mortgage illustration and a decision in principle on how much you could borrow.

Guide to the Next generation Mortgage

Please see our Next Generation Mortgage Guide which provides you with further information and outlines the process involved. 


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 guarantee may be taken as a bond on a suitable property in Guernsey, such as a family home. The guarantee will be equivalent to 15% of the value of the property.

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

  • 3.99% fixed until 31 May 2025 (4.2% APR)

Application fee £1,499 to include free valuation of security property and guarantor’s property.

On maturity Skipton International’s Channel Islands Residential Follow on Rate will be offered.   Further new fixed rates may also be offered.

For further information please read Our Frequently Asked Questions.

Return to Guernsey Mortgage page.

Do I qualify for a NextGen Mortgage?

The NextGen Mortgage is a mortgage facility that is backed by a guarantor which you must be able to provide. The guarantor must be a family member who owns their own home. 

Once you are in a position to provide a guarantor then we will be able to carry out an affordability assessment on you to determine your maximum borrowing capacity.  This is usually done in an appointment with one of our Mortgage Associates. They will discuss your circumstances, ingoings and outgoings and enter this information into our affordability calculator.  Once complete, the calculator will generate your maximum borrowing capacity.  Single applicants must earn a minimum of £30k per annum, while joint applicants must earn a minimum of £40k per annum collectively.

The Mortgage Associate will also be able to offer an idea of what level of savings are required to cover the advocate fees, bond fees, document duty, court fees and lender fees.  These fees must be covered by the applicant and evidence of the available funds will be required as part of a mortgage application.

Once issued with your Agreement In Principle you are then free to engage with agents and arrange viewings on suitable properties.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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