How Much Can You Borrow in Guernsey?
Our free borrowing calculator helps you understand what you could afford when buying a property in Guernsey. Simply enter your income and deposit to get an instant estimate of your borrowing range.
How the Calculator Works
Guernsey lenders typically allow you to borrow between 4 and 5.5 times your annual income, depending on your circumstances. Our calculator uses these income multiples to show you a realistic range of what you might be able to borrow.
If you're buying with a partner, you can add their income too - this can significantly increase how much you can borrow together.
Understanding Your Deposit
Your deposit is the money you've saved towards your home purchase. Most Guernsey lenders require at least 5% of the property value as a deposit. A larger deposit means you'll need to borrow less, which often results in better interest rates.
What is Loan to Value (LTV)?
Loan to Value shows what percentage of the property you're borrowing. For example, if you're buying a £500,000 property with a £50,000 deposit, your LTV would be 90%. A lower LTV usually means you'll get better interest rates from lenders.
Choosing Your Mortgage Term
The mortgage term is how many years you'll take to repay your mortgage. A longer term means lower monthly payments, but you'll pay more interest overall. Most first-time buyers choose terms between 25 and 35 years.
Important Things to Consider
This calculator provides estimates only. Your actual borrowing will depend on your full financial circumstances, including existing debts, credit history, and monthly outgoings. Guernsey lenders may have specific requirements.
For personalised guidance, we recommend speaking to a mortgage adviser who understands the local property market.
Ready to Compare Mortgages?
Once you have an idea of your budget, use our comparison tool to see mortgage products that match your requirements.