Guernsey Rate Tracker mortgage
This mortgage is guaranteed to track the Bank of England base rate for three years (with a base rate floor of 3.00%).
Guernsey Mortgages
| Product features | LTV | Pay rate | APR | Application fees | Early repayment charges |
|---|---|---|---|---|---|
| Guaranteed to track the Bank of England Base Rate for three years (with a Base rate floor of 3.00%) | Up to 75% | 5.69% (Base + 1.69%) | 5.5% | Fee Free* | Year 1 - 3% Year 2 - 2% Year 3 - 1% |
75.1% to 90% | 5.99% (Base + 1.99%) | 5.6% |
With effect from 22 February 2023.
*Limited time offer
Information
The minimum loan size is £100,000 and the maximum loan to any individual, together with connected persons is £3 million.
Following the tracker period the interest rate will revert to Skipton International Channel Island residential follow on rate (5.34%). Our Guernsey 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 Our mortgage products can be withdrawn at very short notice.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 residential interest rates.
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