Bridge finance for Channel Islands resident to build new Guernsey home

Area
Guernsey
Capital Raised
£800K

The different regulatory landscape for Channel Islands property finance calls for specialist lending solutions.

The Scenario

Our client was in the happy position of owning one of the 1,600 homes on the island, and had acquired a rare plot to build a new home. (At any one time there will only be a handful of residential sites available, priced upwards of £700K.)

She was looking for the finance for the build costs. 

The Solution

She owned her current home, valued at around £3M, mortgage-free. (Restrictions on property ownership on Guernsey means that many are passed on through family trusts.)

She was looking for £800K in bridging finance secured against her present home, to complete the new build which would be valued at around £1-1.5M.

The lack of financial regulation in Guernsey means that mainland UK regulated lenders (for homeowner borrowing) can’t get involved.

The specialist lender we’ve worked with arranged to meet our client the following week, and knows the local market well enough not to require a formal inspection. Finance was available three weeks after the application was submitted.

Read our blog on Setting up UK property finance for Guernsey residents

Case study: Arranging a top-sliced mainland BTL remortgage for Guernsey resident

Our mortgage service for Guernsey companies

Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.

Mathew Phillips

Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.

Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

Adam Arnott

Associate Director

Bristol

0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.

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