the maximum age for repayment is 65 years old. Where a mortgage extends beyond this age, you should be able to demonstrate continued ability to service the loan by way of pension or alternative means.
the property you want to purchase must be in the Isle of Man
you must be resident in the Isle of Man.
It's unlikely that we'll be able to lend to you if you've ever been declared bankrupt, have had court judgements against you, had your property seized, defaulted on a mortgage, or had to organise a repayment plan with your creditors.
Security and buildings insurance are required when you take out a mortgage.
We can help you to work out how much you can borrow by looking at your household expenditure and any additional financial commitments such as loans, overdrafts, credit and store cards, hire purchase agreements and maintenance payments.
It's important you add up all the costs involved in a mortgage, not just the interest rate. You may need to budget for a valuation fee, search fees, land registry fees and legal costs, as well as stamp duty on properties over a certain amount. Your mortgage arranger can give you more information on fees that you may need to pay.
We expect you to take out buildings insurance to cover damage or rebuilding costs if needed. You may also decide to take out contents insurance along with sickness cover, unemployment cover and life cover.
Yes the fee can be added to your mortgage but remember that, with the product fee added to the mortgage, you still cannot exceed the maximum loan to value and you'll pay interest on the fee. We also have a range of mortgages with no product fees.
Our Agreement in Principle letter tells you whether we could potentially lend you the amount you want to borrow.
Your Mortgage Arranger can usually provide an Agreement in Principle letter after your first appointment. We'll just need some personal information from you to help with our decision. Here's a handy list of the documents that we'll need to see.
Please note, an Agreement in Principle letter is not an offer of a loan
Requesting an Agreement in Principle does not mean that you are committing to apply for a mortgage with us
Information provided will not be used for any marketing purposes
Lending criteria, terms and conditions apply
It's unlikely that we'll be able to lend to you if you have ever been declared bankrupt, have had county court judgements against you, your property seized, defaulted on your mortgage, or had to organise a repayment plan with your creditors.