Large Interest-Only Mortgage for Jersey Property

Large interest-only mortgage for Jersey property

Key facts: 

  • Property in Jersey, Channel Islands 

  • Property value: £2,550,000 

  • Loan amount: £1,625,000 

  • LTV: 64%

  • Interest-only mortgage 

  • 5 years fixed at 1.34% 

All around us in today’s world are constant reminders about the dangers of COVID. Whilst there is light at the end of the tunnel with the news that a vaccine is on the horizon, the future remains uncertain. What is certain is that individuals and businesses have had to change the way things are done in order to continue through life with some semblance of normality. 

When it comes to the property market, people are attaching more value to having outdoor space, or close proximity to green areas. A home office is something that all professionals desire. At the higher end of the market, a home gym or exercise space is becoming more sought after.

Jersey has a whole host of luxury properties available for rental or purchase. With an attractive taxation regime, relaxed way of life and relative safety, it’s no surprise that Jersey is a prime relocation destination for high net worth individuals. This is more apparent post-COVID. If working from home is something that’s going to continue, there aren’t many better places to do it from than Jersey.

Enness has the unrivalled ability to secure finance for high-value residents. A recent case involves a high net worth client looking to relocate to Jersey this side of Christmas. Once the property was identified and an offer was accepted, we were asked to source the most competitive large mortgage

Our excellent relationship with the on-island branch of an international bank ensured that the process from the initial in-person meeting (socially distanced, of course!) to credit approval took 3 days. The product is an interest-only high value mortgage fixed for an initial term of 5 years at the incredible annual interest rate of 1.34%. 

The result – a very happy client.

If you are looking to secure a mortgage against a high value residence mortgage in Jersey, please get in contact. Learn more about mortgages in Guernsey.

Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.

Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.