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What we offer

We can provide you with a mortgage to purchase your own home, a home for your dependents, or to release equity against your existing property. An equity release can be used for home improvement, the purchase of other assets and for personal use as approved by the Bank.

Our mortgage solutions are available on a maximum LTV of 85%, with competitive and personalised interest rates.

We currently have the following 'residential mortgage' products:

Fixed Mortgage

The Fixed Mortgage aims to help you as your rate will not be affected by rising or falling interest rates for a set period of time.

The Fixed-rate Mortgage is available on a maximum LTV of 85%. We offer competitive interest rates which are tailored to your circumstances. 

If you have a fixed-rate loan for 5 years, we charge a fee for any early repayments. In the first year, the fee is 5% of the amount you reduce from the loan balance. After that, the fee reduces by 1% each year. For example, if you have 4 years left on the fixed rate, the fee will be 4%, for 3 years it will be 3%, for 2 years it will be 2%, and in the last year, it will be 1%.

If you have a 3-year fixed-rate mortgage, the fee for early repayments is 3% in the first year. Then, it reduces by 1% each year. So, in the second year, the fee is 2%, and in the final year, it is 1%.

Maximum loan repayment periods are aligned to the rest of our mortgage product suite being 30 years if drawn on an amortised repayment basis, or over a maximum term of 35 years if drawn as a serial repayment loan.

In order to finalise the mortgage, we have an Arrangement Fee in place of 0.25% of the value of the mortgage. A minimum fee of £999 applies.

Should you decide to switch to another mortgage solution after the end of your initial rate, this is possible with a one-off product switch fee of 0.25%, minimum £999.

Finally, we aim to contact you prior to the end of the fixed rate period, to allow you enough time to decide how to proceed and inform you of your options going forward.

More information on Fixed Mortgage

Flex Mortgage

The Flex Mortgage aims to help manage your mortgage efficiently. If you are looking for a variable rate mortgage, that tracks Base Rate for the whole loan term, and which will allow you to make unscheduled overpayments without penalty, then the Flex Mortgage maybe of some interest. 

This mortgage solution allows you to make unscheduled partial loan repayments without any penalty charges with the exception of a one off £500 fee charged in the event that the loan is fully repaid ahead of the agreed schedule.

The Flex Mortgage can be repaid over a maximum term of 30 years if drawdown on an amortised repayment basis or over a maximum term of 35 years if drawn as a serial repayment loan.

A 0.25% Arrangement Fee (minimum £500) is payable to the Bank, which is calculated based upon the mortgage amount.

Valuation and legal fees will also be payable dependent upon the value / purchase price of the property and the size of the loan.

More information on Flex Mortgage

Advantage Mortgage 

The Advantage Mortgage aims to help with the early years of your mortgage payments by providing you with a discounted initial interest rate. This rate is offered to you for a set period of time (up to 5 years) after which time you will move on to a higher rate, or you may have the option to move to another mortgage product.

We offer competitive interest rates which are tailored to your circumstances.  In the case of an early repayment a charge of 0.5% applies during the initial years*.

*The charge comprises of 0.5% of the amount repaid plus an admin fee.

Our loan terms are aligned to the rest of our mortgage product suite. For amortising loans, we offer maximum term of 30 years and for serial loans, we offer a maximum term of 35 years.

In order to finalise the mortgage, we have an Arrangement Fee in place of 0.25% of the value of the mortgage. A minimum fee of £999 applies.

More information on Advantage Mortgage

Buy-To-Let Mortgage 

Our Buy-To-Let Mortgage solution is aimed at the Gibraltar residential rental market and primarily for investors with previous experience in the property market and looking to expand their property portfolio. 

This type of mortgage is only available on residential property, the main purpose of which is to rent for long term investment purposes (and not to support short term speculation).  

Depending on your circumstances the Buy-To-Let mortgage is available on the basis of a maximum Loan-to-Value (LTV) of up to *75% and over a maximum term of 20 years. 

On a case-by-case basis we can consider applications for interest only mortgage loans from professional property investors for up to 5 years and for amounts up to 60% of loan to value.

More information on Buy-To-Let Mortgage

Other Options

If you are considering buying a property with the intention of letting it out then we can consider financing for this purpose on a case by case basis.