Supporting a family’s smooth move from the UK to Guernsey
A wealth planner, private bank and investment manager all-in-one.
Our client’s wishes
As a Managing Director and Partner at a successful UK law firm, our client was preparing for a new start and a big move to Guernsey. He needed our support to finance a new home on the island. With the UK Budget approaching, he was keen to move quickly with a fast-tracked mortgage approval.
Our clients’ situation
The client’s decision to move was led by Guernsey’s attractive tax environment and the great lifestyle benefits the island offers. After the move, he planned to continue running his UK law firm remotely, which was an important consideration for us when assessing the stability of his income.
Alongside his professional earnings, the client also owns a profitable buy-to-let property portfolio, providing an additional steady income stream. When reviewing his application, we factored in his expected Guernsey tax status, which improved his net income and strengthened his mortgage affordability.
After the move, the client planned to keep his UK home as a secondary base for occasional visits to his office. While affordability was initially tight, the combination of his revised tax position and rental income supported his ability to meet the mortgage requirements for his new home in Guernsey.
Alongside his professional earnings, the client also owns a profitable buy-to-let property portfolio, providing an additional steady income stream.
Our clients’ outcome
After reviewing his finances in detail, we agreed on a mortgage proposal with the understanding that the loan-to-value would reduce from 75% to 60% within two years through regular repayments. The client was comfortable with this plan, as he intends to sell part of his buy-to-let portfolio over the next few years and fully repay the loan within five years.
He was delighted with the outcome and valued the tailored approach we took to understand his position. He and his family are now looking forward to beginning their new lives in Guernsey.
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Any examples of investments and structures used are for illustrative purposes only. This case study does not constitute an invitation or inducement to buy any financial investment or service. None of the content constitutes advice or a personal recommendation. Individuals should seek professional advice, based on their jurisdiction and personal circumstances, before making any financial decision.
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