--- title: "Guernsey Mortgages" description: "We assist borrowers with mortgages in Guernsey, with access to International and Private Bank Mortgages, we have bespoke solutions." url: "https://mortgagelane.com/insights/guernsey-mortgages" site: "Mortgage Lane" collection: "posts" date: "2026-08-18" author: "Seren Norton" category: "Insights" reviewed: "2026-08-18" reading_time: "11 min" byline: "Seren Norton" author_credentials: "CeMAP · FCA authorised firm" language: "en-GB" robots: "index,follow" --- # Guernsey Mortgages We assist borrowers with mortgages in Guernsey, with access to International and Private Bank Mortgages, we have bespoke solutions. We assist borrowers with mortgages in Guernsey, with access to International and Private Bank Mortgages, we have bespoke solutions. [Guernsey mortgage](https://mortgagelane.com/definitions?term=guernsey-mortgage) Specialist lending A loan secured against property in the Bailiwick of Guernsey under the applicable local property and lending rules. [Read the full definition of Guernsey mortgage](https://mortgagelane.com/definitions?term=guernsey-mortgage) ## Guernsey Mortgage Experts Speak to a Mortgage Lane adviser about your options. ## In short Guernsey has its own housing law, and every residential property in the Bailiwick sits in either the Local Market or the Open Market, which decides who may buy it and which lenders will fund it. We provide whole-of-market advice for buyers, homeowners, and landlords financing property in Guernsey, helping borrowers identify which lenders operate in the Bailiwick and how the island’s Local Market and Open Market rules affect the application. ## Guernsey Mortgages Must Be Matched to the Island’s Housing Market Rules Guernsey mortgages work differently from United Kingdom mortgages because Guernsey is a Crown Dependency with its own housing law, tax system, and financial regulator. Every residential property in Guernsey sits in either the Local Market or the Open Market, and a buyer’s residential status determines which properties they can occupy. Matching the borrower’s status, the property’s market category, and the lender’s appetite correctly is the foundation of a successful Guernsey mortgage application. **Specialist Placement for Residents, Relocators, and Landlords.** We help Guernsey residents buying or remortgaging, individuals relocating to the island through the Open Market, and landlords seeking a buy to let mortgage in Guernsey. Fewer lenders operate in Guernsey than in the United Kingdom mainland, so identifying the right Guernsey mortgage lender at the outset reduces the risk of delay or decline. [Speak to a specialist today and check your eligibility](https://mortgagelane.com/contact) ## Guernsey Mortgage Rates October 2026 | Feature | Detail | | --- | --- | | Product fee | From £0-£995 | | Type | Residential | | Rates | From 4.59% | Some buy-to-let and commercial mortgages are not regulated by the Financial Conduct Authority. ## Guernsey Mortgage Lender Criteria *Guernsey Mortgage Lender Criteria* | Criteria | Detail | | --- | --- | | Property markets | Local Market and Open Market (Bailiwick of Guernsey) | | Borrowers | Guernsey residents, Open Market relocators, landlords | | Maximum Loan to Value (LTV) | Up to 95% | | Repayment type | Capital repayment, interest only, or part and part | | Term | Up to 40 years | | Currency | All currencies approved | | Security | Bond registered at the Greffe (Guernsey's property registry) | | Regulator | Guernsey Financial Services Commission (GFSC) | ## Types of Guernsey Mortgages Guernsey mortgage applications fall into a small number of distinct categories, driven by the island's two-tier housing market and the borrower's purpose. The sections below cover the scenarios most commonly searched for by Guernsey buyers and landlords. **Local Market mortgages in Guernsey** Local Market property makes up the majority of Guernsey’s housing stock and can generally only be occupied by people with Guernsey residential qualifications or an appropriate permit under the island’s population management regime. [Read more about Local Market mortgages in Guernsey](https://mortgagelane.com/guides/guernsey-mortgages/local-market-mortgages-in-guernsey)[Get in touch about Local Market mortgages in Guernsey](https://mortgagelane.com/contact) [Guernsey mortgage](https://mortgagelane.com/definitions#def-guernsey-mortgage) · [Mortgage](https://mortgagelane.com/definitions#def-mortgage) **Buy to let mortgage Guernsey** A buy to let mortgage in Guernsey is a loan secured against a Guernsey property that the owner lets to tenants rather than occupies. Guernsey buy to let mortgages are assessed primarily on the rental income the property generates, alongside the landlord’s wider financial position. Guernsey’s rental market is supplied largely by Local Market property, and demand from the island’s finance sector workforce supports occupancy. [Read more about Buy to let mortgage Guernsey](https://mortgagelane.com/guides/guernsey-mortgages/buy-to-let-mortgage-guernsey)[Get in touch about Buy to let mortgage Guernsey](https://mortgagelane.com/contact) [Buy-to-let mortgage](https://mortgagelane.com/definitions#def-buy-to-let-mortgage) · [Mortgage](https://mortgagelane.com/definitions#def-mortgage) **Open Market mortgages in Guernsey** Open Market property in Guernsey is listed on the island’s Open Market Housing Register and can be occupied by British and Irish citizens and others with the right to live in the Common Travel Area, without local residential qualifications. [Read more about Open Market mortgages in Guernsey](https://mortgagelane.com/guides/guernsey-mortgages/open-market-mortgages-in-guernsey)[Get in touch about Open Market mortgages in Guernsey](https://mortgagelane.com/contact) [Guernsey mortgage](https://mortgagelane.com/definitions#def-guernsey-mortgage) **Remortgaging in Guernsey** Remortgaging in Guernsey follows the same principles as the mainland: replacing an existing loan with a new one at the end of a fixed or discounted period, raising capital, or changing repayment type. [Read more about Remortgaging in Guernsey](https://mortgagelane.com/guides/guernsey-mortgages/remortgaging-in-guernsey)[Get in touch about Remortgaging in Guernsey](https://mortgagelane.com/contact) [Remortgage](https://mortgagelane.com/definitions#def-remortgage) · [Standard variable rate (SVR)](https://mortgagelane.com/definitions#def-standard-variable-rate) ## How a Guernsey Mortgage Application Works 01 ### Enquiry and status check We confirm your residential status, the property’s market category (Local Market or Open Market), income profile, and deposit, then identify which Guernsey mortgage lenders fit the case. 02 ### Decision in principle The chosen lender assesses income, outgoings, and the property category and issues an agreement in principle setting out the amount it is prepared to lend. 03 ### Valuation and legal work The lender instructs a valuation of the Guernsey property, and a Guernsey advocate (the island’s equivalent of a solicitor) handles conveyancing and the bond that secures the loan. 04 ### Completion at the Royal Court Guernsey property transactions are completed by conveyance before the Royal Court, after which the lender releases funds and the bond is registered at the Greffe. Guernsey Mortgage Calculator ## Guernsey Mortgage Interest Relief Explained ### What Guernsey mortgage interest relief is Guernsey mortgage interest relief is a deduction from Guernsey income tax for interest paid on a mortgage over a principal private residence in Guernsey. The relief is one of the features that distinguishes the Guernsey mortgage market from the United Kingdom mainland, where equivalent relief for owner-occupiers was abolished in 2000. ### How the relief currently works Relief on a principal private residence is capped: interest is allowable only on borrowing up to £400,000, subject to a maximum relief figure per person set by the States of Guernsey, currently £3,500. The loan has historically needed to be from a Guernsey lender to qualify. In November 2025 the States of Guernsey resolved to halt the long-planned phased withdrawal of the relief, keeping the £3,500 cap in place rather than reducing the relief to nil. ### Relief on Guernsey rental property Interest relief on domestic let property in Guernsey and Alderney is restricted to a proportion of the interest paid, following a partial phase-out that was subsequently paused to support the island’s rental market. Relief cannot create a rental loss. ### Why the relief matters to borrowers Because the relief reduces the effective cost of borrowing for eligible Guernsey homeowners, the choice between a Guernsey lender and an off-island lender can have a tax consequence as well as a rate consequence. Borrowers should confirm the current rules with Guernsey’s Revenue Service or a tax adviser, as the relief is reviewed in each annual budget. ## Why Fewer Lenders Operate in Guernsey ### A separate legal and regulatory system Guernsey is a Crown Dependency, not part of the United Kingdom, so a lender must be licensed by the Guernsey Financial Services Commission (GFSC) under the Lending, Credit and Finance (Bailiwick of Guernsey) Law, 2022 to provide credit in the Bailiwick. Most United Kingdom high street lenders have not sought this permission. ### Guernsey property law Security over Guernsey realty is taken by bond and registered at the Greffe, and transactions complete before the Royal Court through a Guernsey advocate. Lenders need local legal infrastructure to lend on this basis. ### Market size Guernsey’s population is around 64,000, so the mortgage market is small in absolute terms. The lenders that do operate there, retail banks with island branches, Channel Islands specialists, and private banks, compete within a narrower product range than the mainland market. ## Related mortgage insights and guides - [2026](https://mortgagelane.com/guides/insights-guernsey-mortgages-details)Guide[Guernsey Mortgages: detailed guide](https://mortgagelane.com/guides/insights-guernsey-mortgages-details)Detailed explanations and criteria for Guernsey Mortgages.[Read more about Guernsey Mortgages: detailed guide](https://mortgagelane.com/guides/insights-guernsey-mortgages-details) - [2026](https://mortgagelane.com/guides/guernsey-mortgages/buy-to-let-mortgage-guernsey)Guide[Buy to let mortgage Guernsey](https://mortgagelane.com/guides/guernsey-mortgages/buy-to-let-mortgage-guernsey)A buy to let mortgage in Guernsey is a loan secured against a Guernsey property that the owner lets to tenants rather than occupies. Guernsey buy to let mortgages are assessed primarily on the rental income the property generates, alongside the landlord’s wider financial position. Guernsey’s rental market is supplied largely by Local Market property, and demand from the island’s finance sector workforce supports occupancy.[Read more about Buy to let mortgage Guernsey](https://mortgagelane.com/guides/guernsey-mortgages/buy-to-let-mortgage-guernsey) - [2026](https://mortgagelane.com/guides/guernsey-mortgages/open-market-mortgages-in-guernsey)Guide[Open Market mortgages in Guernsey](https://mortgagelane.com/guides/guernsey-mortgages/open-market-mortgages-in-guernsey)Open Market property in Guernsey is listed on the island’s Open Market Housing Register and can be occupied by British and Irish citizens and others with the right to live in the Common Travel Area, without local residential qualifications.[Read more about Open Market mortgages in Guernsey](https://mortgagelane.com/guides/guernsey-mortgages/open-market-mortgages-in-guernsey) ## Frequently Asked Questions About Guernsey Mortgages **Q: Can I get a mortgage in Guernsey?** faq-id: can-i-get-a-mortgage-in-guernsey Yes, mortgages are available in Guernsey from banks and lenders licensed by the Guernsey Financial Services Commission (GFSC). Eligibility depends on the borrower's residential status, the property's Local Market or Open Market category, income, and deposit. Fewer lenders operate in Guernsey than in the United Kingdom, so lender selection is important. **Q: Can UK lenders provide mortgages on Guernsey property?** faq-id: can-uk-lenders-provide-mortgages-on-guernsey-property Most United Kingdom high street lenders do not lend on Guernsey property, because Guernsey has its own property law, registry, and regulator. Lending in Guernsey requires a licence from the Guernsey Financial Services Commission (GFSC), and security is registered at the Greffe rather than the Land Registry. **Q: Do I need to live in Guernsey to buy property there?** faq-id: do-i-need-to-live-in-guernsey-to-buy-property-there No, ownership of Guernsey property is not restricted, but occupation is. Anyone can own Guernsey property, but the right to live in a Local Market home depends on residential qualifications or a permit, while Open Market property can be occupied without local qualifications by those lawfully in Guernsey. **Q: Are Guernsey mortgage rates the same as UK mortgage rates?** faq-id: are-guernsey-mortgage-rates-the-same-as-uk-mortgage-rates No, Guernsey mortgage rates are set independently by the lenders operating in the island and can differ from United Kingdom mainland rates. Guernsey lenders price against their own funding costs and the smaller local market, although the Bank of England base rate still influences sterling borrowing costs generally. **Q: Has Guernsey mortgage interest relief been abolished?** faq-id: has-guernsey-mortgage-interest-relief-been-abolished No, Guernsey mortgage interest relief on a principal private residence has not been abolished. The States of Guernsey planned a phased withdrawal of the relief, but the withdrawal was paused and in November 2025 the States resolved to retain the relief at its capped level. Budget rules can change annually. **Q: Which lenders offer mortgages in Guernsey?** faq-id: which-lenders-offer-mortgages-in-guernsey Guernsey mortgages are offered by retail banks with a presence on the island, Channel Islands specialist lenders, and private banks, all of which must be licensed to lend in the Bailiwick by the Guernsey Financial Services Commission (GFSC). Most United Kingdom high street lenders do not lend on Guernsey property. **Q: What is the difference between Local Market and Open Market property in Guernsey?** faq-id: what-is-the-difference-between-local-market-and-open-market-property-in-guernsey Local Market property in Guernsey can generally only be occupied by people with Guernsey residential qualifications or a permit, while Open Market property can be occupied by British and Irish citizens and others without local qualifications. The two markets have separate registers and different typical price levels. **Q: Can I get a buy to let mortgage in Guernsey?** faq-id: can-i-get-a-buy-to-let-mortgage-in-guernsey Yes, buy to let mortgages are available in Guernsey from lenders licensed to lend in the Bailiwick. A Guernsey buy to let mortgage is assessed mainly on the rental income of the property, alongside the landlord's wider finances. Fewer buy to let products exist in Guernsey than in the United Kingdom. **Q: What is Guernsey mortgage interest relief?** faq-id: what-is-guernsey-mortgage-interest-relief Guernsey mortgage interest relief is a deduction from Guernsey income tax for interest paid on a mortgage over a principal private residence in Guernsey. Relief is capped, applying to borrowing up to £400,000 with a maximum relief amount per person set by the States of Guernsey in each budget. **Q: Can landlords claim mortgage interest relief in Guernsey?** faq-id: can-landlords-claim-mortgage-interest-relief-in-guernsey Yes, Guernsey landlords can claim tax relief on a proportion of mortgage interest paid on domestic let property in Guernsey or Alderney against rental income. The relief is restricted to a set percentage of interest paid and cannot create a rental loss. The percentage is set by the States of Guernsey. **Q: Are Guernsey mortgage rates higher than the UK?** faq-id: are-guernsey-mortgage-rates-higher-than-the-uk Guernsey mortgage rates are often higher than United Kingdom mainland rates for equivalent products, although pricing varies by lender and over time. Fewer lenders operate in Guernsey, so competition is lower than in the United Kingdom. Guernsey lenders set rates against their own funding costs, while the Bank of England base rate still influences sterling borrowing costs generally. **Q: Can a Guernsey company get a mortgage on UK property?** faq-id: can-a-guernsey-company-get-a-mortgage-on-uk-property A Guernsey-incorporated company can obtain a mortgage on United Kingdom property from specialist lenders and private banks that accept offshore company borrowers. Mainstream UK high street lenders generally do not lend to offshore companies. Lenders require details of the company's directors, shareholders, and beneficial owners, and usually take personal guarantees from the individuals behind the company. **Q: Can a Guernsey resident buy a London property with a UK mortgage?** faq-id: can-a-guernsey-resident-buy-a-london-property-with-a-uk-mortgage A Guernsey resident can buy a London property with a mortgage from United Kingdom lenders that accept Channel Islands residents. Guernsey residents are treated as overseas borrowers by many mainstream UK lenders, because Guernsey is a Crown Dependency outside the United Kingdom. Specialist lenders, expat lenders, and private banks routinely lend to Guernsey-resident buyers of UK property. **Q: Can I get a mortgage for property in Alderney?** faq-id: can-i-get-a-mortgage-for-property-in-alderney Yes, mortgages are available on property in Alderney, which is part of the Bailiwick of Guernsey, from lenders willing to lend across the Bailiwick. Alderney does not operate Guernsey's Local Market and Open Market split, so there are no equivalent occupation restrictions on Alderney homes. **Q: Can I get a mortgage in Guernsey as a non-resident?** faq-id: can-i-get-a-mortgage-in-guernsey-as-a-non-resident Non-residents can obtain a mortgage on Guernsey property, most commonly on Open Market property, which can be occupied without Guernsey residential qualifications. Lenders licensed to lend in the Bailiwick of Guernsey assess overseas income, source of wealth, and relocation plans. Local Market property carries occupation restrictions, so non-resident lending on Local Market homes is limited. ## Talk it through with an adviser Let’s talk property finance ## Contact us **Call our team:** [+44 333 231 8206](tel:+443332318206) **Email us:** [enquiries@mortgagelane.com](mailto:enquiries@mortgagelane.com) **Opening hours:** Monday to Friday, 9am–6pm Closed Saturday and Sunday Your enquiry goes to our team, who will get in touch to discuss your next steps. Fields marked are required. First name Last name Email Phone What can we help with? Residential mortgage Remortgage Buy to let Bridging finance Commercial Something else Tell us about your enquiry I am happy to receive occasional mortgage news and rate updates. Send enquiry We use your details to respond to your enquiry and, if you opt in, send updates. See our [privacy policy](https://mortgagelane.com/privacy-policy). Published: 2026-08-18 Last reviewed: 2026-08-18 Source: https://mortgagelane.com/insights/guernsey-mortgages