Lend a Hand

Small deposit Lower monthly repayments For first-time buyers, those moving or remortgaging

Apply for a Lend a Hand mortgage at your local branch, or call us on:

01534 845436 or 01534 845269 Jersey

01481 706317 Guernsey

01624 697113 Isle of Man

01481 822340 Alderney

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With the Lend a Hand Mortgage, you only need a 5% cash deposit, plus the backing of someone who wants to help you onto the property ladder by putting their savings up as additional security for the mortgage.

  • Your Helper will need savings equal to 20% of the property value.
  • Your deposit and the savings of your helper must equal 25% of the property value.

They still earn interest on their savings, but it means that you can benefit from the lower mortgage rates normally available to customers with a 25% deposit. The offer is only available in branch.

The mortgage

  • You only need a cash deposit of 5% of the property value, although it can be more.
  • Your mortgage rate is fixed for 5 years, so you know what your payments will be each month and can plan your personal finances with confidence.

More information

The savings

  • Up to two people — likely to be your parents, but anyone who wants to — can lend you a hand. They're your Helpers.
  • They open a special Lend a Hand savings account with us and make a lump sum payment into this account of 20% of the value of the property you want to buy. Depending on the level of deposit it doesn't have to be 20%.
  • Your helpers will receive a fixed interest rate of 4.25% AER/Gross* for 5 years. interest is payable on the required minimum balance of £10,000 and above.
  • Along with your 5% cash deposit, it means you can benefit from the lower mortgage rates normally available to customers with a 25% deposit.
  • The savings are held as additional security for the mortgage by way of a security agreement, but your Helpers should be able to get their money back provided you don't default on the mortgage.

More information

More about how your Helpers' savings can get you a better mortgage rate.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT. Lending is at the Bank's discretion and you must be 18 or over to apply. Security will be required.