Conister Bank Launches New Mortgage Offering to Support Isle of Man Homebuyers

Conister Bank is proud to announce the launch of its new mortgage product, designed in direct response to the needs of local homebuyers. As a trusted Isle of Man lender, we have listened to our customers, heard their struggles, and are committed to providing another option to help them get on the property ladder.

For many aspiring homeowners, high deposit requirements and rigid lending criteria have made securing a mortgage increasingly difficult. Conister Bank is changing that by offering greater accessibility, flexibility, along with local decision-making and thereby ensuring more people in the Isle of Man can achieve their homeownership goal.

Listening to Our Community – A Mortgage Designed for Local Needs

• Higher Loan-to-Value (LTV) – Up to 95% – We know that saving for a large deposit is one of the biggest barriers to homeownership. That’s why we are offering up to 95% LTV, one of the highest available in the Isle of Man.
• Local Decision-Making for Faster Approvals – Our mortgage decisions are made right here in the Isle of Man, not in the UK or the Channel Islands -  this allows for quicker turnaround times and a more personal approach.
• More Borrowing Flexibility – We understand that not everyone fits into a standard lending model. That’s why we support self-employed applicants, those with complex income structures, and borrowers up to age 75.
• A Consistent, Transparent Mortgage Offering – Unlike some, we provide 2, 3, and 5-year fixed-rate mortgages across 60%, 75%, 90%, and 95% LTV bands, ensuring a full range of options.
• Lower Upfront Costs & Free Valuation – We know that upfront costs can be a hurdle, so we offer one free valuation and a fixed £499 setup fee, this compares very favourably to others.

Providing Real Options for Isle of Man Homebuyers

“At Conister Bank, we know how challenging it can be for many people in the Isle of Man to secure a mortgage, especially first-time buyers and those with smaller deposits,” commented Douglas Grant, Managing Director, at Conister Bank.

“We have listened to our community and built a set of mortgage products that provide more opportunities with greater flexibility for those who struggle to get a mortgage elsewhere. We have engaged a team of local experts to help our customers navigate what can be a tortuous process as painlessly as possible. To ease the pain further, in addition to our new mortgage product offering, we have the ability to provide a bridging loan to make it even easier for our customers to move to the houses of their dreams. ”

Conister Bank takes a personal, case-by-case approach to lending, ensuring more people have access to the finance they need to purchase a home.

How to Apply

If you would like to learn more about Conister Bank’s mortgage offerings, then visit www.conisterbank.co.im  or email mortgages@conisterbank.co.im or call 01624 694694 and make an appointment to speak  with our mortgage specialist, Nicola Chatel, at our office in Clarendon House, Victoria Street, Douglas.