Remortgage your Guernsey home.
A remortgage replaces the loan on a property you already own — either with a new lender or on new terms with the existing one. Three things usually prompt it: a fixed rate has ended and you have dropped onto a standard variable rate, you want to raise capital against equity you have built up, or your circumstances have changed enough that a different lender now suits you better. The Guernsey wrinkle is that your existing lender knows there are only so many firms that write mortgages here, and prices its renewal offer accordingly. The renewal letter is a starting position, not the market.
- Compare your lender's renewal offer against what the rest of the market would actually give you
- Raise capital against equity for renovations, a second property, or school fees
- Move from a standard variable rate back onto a fixed or tracker product
- Consolidate more expensive unsecured borrowing into the mortgage where it genuinely saves money
- Change the term — shorten it to clear the debt sooner, or lengthen it to cut the monthly cost
- Both Local Market and Open Market properties handled
- Soft credit check at enquiry, so shopping around costs your credit file nothing
Guernsey switching figures
No obligation. Soft credit check only.
When you can remortgage in Guernsey
- You own a property in the Bailiwick of Guernsey
- There is meaningful equity in it
- You are within about six months of your current product ending, or already on a variable rate
- Provable income — employed, self-employed, or from business profits
- Any early repayment charge on the existing deal is understood and factored in
- Local Market and Open Market both eligible, with different lender panels
- Some adverse credit considered, though it narrows the options
Not sure if you qualify? Request a call back — we will tell you honestly what your options are before you apply. Unfamiliar with any of the terms above? Loan terms explained.
Ready to get started?
Two ways to begin — choose whichever suits you best.
Soft credit check only
No obligation
Decision within 48 hours
Switching lender in Guernsey
Send us your current deal
Lender, balance, rate, when the product ends, and any early repayment charge. Without the ERC figure a comparison is meaningless.
Tell us what you want to change
A better rate, more money, a different term, or all three. The answer changes which lenders are worth approaching.
We compare the whole Guernsey panel
Including your existing lender's retention offer, which is often not their best product and is worth putting alongside the others.
You switch, or you stay
Sometimes the honest answer is that your existing deal wins and you should stay put. We will tell you that.
Guernsey remortgage questions
Around six months before your current product ends. Offers are typically valid for a period after they are issued, so starting early lets you secure a rate and still walk away if something better appears. Leaving it until the month your fix expires means dropping onto a variable rate while the paperwork catches up.
Sometimes, and it is genuinely faster and cheaper to process because there is no new valuation or conveyancing. But it is priced on the assumption you will not check. We put it side by side with the rest of the panel so you can see whether it stands up.
Yes — this is capital raising, and it is one of the main reasons people remortgage. The lender will want to know what the extra money is for, and affordability is assessed on the new higher balance rather than the old one.
Only with your eyes open. Moving unsecured debt onto your mortgage lowers the monthly payment and the interest rate, but it stretches the debt over decades and secures it against your home — so it can cost far more overall and puts the property at risk if things go wrong. Get advice from the regulated firm we introduce you to before deciding.
A fee your current lender charges for leaving a fixed or discounted product before it ends, usually a percentage of the outstanding balance. It can wipe out the saving from switching. Always get the exact figure from your lender before comparing anything.
If you are moving to a new lender, yes — the security has to be discharged and re-registered, and that goes through the Royal Court. Staying with your existing lender on a new product usually avoids it.
No. There is no fee to you for the search or the introduction to a regulated firm.
Other Guernsey property finance
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Complete a full application online or request a call back and we will do the searching for you.
No obligation. Soft credit check only.
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