First time buyers

Getting started on the
property ladder

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

You already know that the Channel Islands and Isle of Man are some of the most wonderful places to live. Now discover how our mortgages could make the most of your income - to buy the home you've been looking for.

MortgageInitial interest rateFollow on rateOverall cost for comparisonLoan to ValueOther information
2 Year Fixed Rate (First time buyers only) 5.79% fixed
 until 31/01/2014
4.00% variable6% APRup to 90% property value
  • Minimum arrangement fee £999
  • Early repayment charge (payable on capital sum repaid early) of 3% until 31/01/2014
  • Minimum loan £30,000
  • Drawdown fee £30
  • Due to limited supply fixed rates are offered on a first come first served basis, therefore the Bank reserves the right to withdraw the rates offered above.
  • Arrangement fee of £999
  • Maximum loan in the Channel Islands is £375,000
  • Maximum loan in the Isle of Man is £250,000

5 Year Fixed Rate (First time buyers only)6.79% fixed
 until 31/01/2017
4.00% variable7% APRup to 90% property value
  • Minimum arrangement fee £999
  • Early repayment charge (payable on capital sum repaid early):
    • 5% until 31/01/2013
    • 4% until 31/01/2014
    • 3% until 31/01/2017
  • Minimum loan £30,000
  • Maximum loan in Isle of Man £250,000.
  • Drawdown fee £30
  • Due to limited supply fixed rates are offered on a first come first served basis, therefore the Bank reserves the right to withdraw the rates offered above.
  • Maximum loan in Channel Islands £375,000.


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