Relationship Managed Service
We combine modern banking with a long-standing tradition of exceptional service, offering you the flexibility and choices you need to manage your finances effectively.
Island first time buyer mortgages
If you’re looking to buy your first property in the Channel Islands or the Isle of Man, you’re in the right place.
Help getting on the ladder
Your first home with a 5% deposit
Buying your first home doesn’t have to feel out of reach. With only a 5% deposit, you can apply for a mortgage of up to 95% of the property’s value. Simple, clear and designed for first-time buyers.
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From time-to-time, we support government initiatives to help people buy a home. As you're a first time buyer, there could be a scheme that's right for you. To see what schemes are in your location, visit your local government website.
Jersey - Assisted purchase home ownership schemes
Had an offer accepted? It’s time to apply
Speak to us
Pop into your local branch or request a video appointment from the comfort of your own home. Speak to one of our mortgage experts and they’ll talk you through your options and find the best deal for your needs.
Let’s look at the details
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Yes, you can apply for an Island first-time buyer mortgage if at least 1 applicant has never owned a home or any other property before and live in the Channel Islands or Isle of Man.
Whether you can apply will depend on several factors, including:
- financial assessment – income, outgoings and affordability
- personal circumstances – employment status and credit history
- application details – meeting lender requirements.
You must also be 18 or older to apply. Want to know more? Discover how 5% deposit mortgages work and what options are available for first-time buyers.
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You’ll need a deposit of at least 5% of your property’s value. Saving a larger deposit can be helpful because:
- it reduces the amount you need to borrow
- it could help you secure a lower interest rate
- it may lower your monthly mortgage repayments.
Aim to save as much as possible towards your first home. Remember, there are extra costs to budget for, including:
- legal fees
- valuation fees
- buildings insurance.
Make sure you have enough funds to cover all costs involved in buying a home, not just the deposit.
Explore your options
We want to make sure you know about our other products . Here’s one that might suit you.
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