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Business News - August 2023 - Jersey, Guernsey, Offshore Isles

Saffron BS, Skipton International and Atom Bank revise ranges as market uncertainty continues – round-up

Saffron BS, Skipton International and Atom Bank revise ranges as market uncertainty continues – round-up
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Deposit-free mortgage is not available in Jersey

SKIPTON’S new deposit-free mortgage – designed to help ‘trapped renters’ to ‘commence their home ownership dream’ – will not be available in Jersey owing to ‘extended affordability challenges in the Channel Islands’.The building soc.

Double whammy for home owners

HUNDREDS of struggling homeowners were hit with a double blow yesterday after the Bank of England raised interest rates to their highest level in almost 15 years and warned that inflation would not fall as quickly as expected.The base rate was hiked .

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