Guernsey Mortgages


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 20% of the value of the property.

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

  • 3.99% fixed until 31 March 2027 (4.2% APR)

Application is fee free, clients are to pay cost of 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 Next generation mortgage Guernsey product guide.

Return to Guernsey mortgage page.

Do I qualify for a next generation mortgage?

The next generation 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, 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.

Call to our friendly mortgage team on 01481 734000 for a personal mortgage illustration and a decision in principle on how much you could borrow.

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

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