The Mortgage Shop

A nice surprise to share.👏

We've been nominated for two awards at the Digital Jersey Hub Tech Awards: Productivity and Creativity.

A big thank you to Toby Balderson and MixBox Comms + Creative

Toby built our new systems and a website that's genuinely changed how mortgages get done in Jersey. Booking an adviser has never been easier (and quicker!). And MixBox handles all our creative and marketing, including the awesome AI characters you've been seeing everywhere.

We've been a Jersey mortgage broker since 1990. It's nice to be recognised for trying something a bit different.

Thanks to everyone who helped get us here.

Awards night is in October.🤞It's going to be a great night, so grab your tickets quickly from the Digital Jersey Hub website.

People very often think all banks are the same and it is simply about picking the best rate.

This is untrue… we spent time with a client where the bank with the best rates offered her a mortgage of £300,000 and the highest lender (albeit with the least competitive rates) offered the same client just over £450,000.

As you can imagine, this is quite a vast difference in what a client may purchase as their first home.

Out of seven retail banks in Jersey, four banks were offering the client between £380,000 and £400,000. The second-best rates that were being offered at the time would have afforded the client £400,000.

On a like-for-like basis with the best lender, the difference in their mortgage payments were around £10 per month. So, the question to the borrower is, would you buy a property for £100,000 less than you can afford just to get the best rates?

In our view, the lender offering £450,000 (on the worst rates) seemed to be stretching affordability for the client, but the £400,000 seemed affordable, and the repayments were £500 more than their current rent and savings per month combined, giving both me and the client comfort that this was the right level of borrowing for them.

Want to discuss your mortgage options? Book your free appointment on our website today.

How to save a client over £100k over a 35 year mortgage....

A client found their own rate online and was ready to proceed without us. Then we looked closer.

What our MD, Gary Tumelty, spotted saved them roughly £105,000.

Worth a read 👇

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I had a client interaction yesterday morning that really highlights the value of good mortgage advice.

Scenario:

A client emailed to confirm they had an offer accepted and were planning to proceed directly with a bank after using an online comparison site and thanked us for our help, the insightful meeting that we had and our expertise in pointing them in the right direction.

They had identified a rate and were ready to move forward independently.

However, after reviewing what they’d found, it was clear they had misinterpreted the options and were about to proceed with a significantly more expensive product from the wrong lender.

Outcome:

I responded by asking them to revisit the comparison results and shared a repayment illustration to put things into context.

Rather than naming a specific lender, I indicated they should be achieving the rate roughly 0.75% lower than the one they were considering.

They revisited their research, identified the correct lender, and avoided a costly mistake, potentially saving:

~£250 per month
~£3,000 per year
~£105,000 over the life of the mortgage

They’ve since come back asking for help, as the bank with the rate they now want cannot see them for two weeks and they need to progress quickly due to a 6-week completion expectation.

Key Message:

Online comparison tools are helpful—but can easily be misinterpreted. Getting it wrong can be extremely costly.

A qualified mortgage adviser doesn’t just find a rate—they ensure the right outcome. Even where a fee is involved, the value provided can significantly outweigh the cost.

The Mortgage Shop Jersey | Register Once. Apply Everywhere Let us shop around for you, guiding you on all the elements that go into purchasing a home and taking the sting out of mortgage application.

Join us at New Market Yard this Saturday ✨

Looking for a stylish new home in the heart of St Helier? Come along to our open viewing from 10am – 11am and discover everything New Market Yard has to offer.

Explore our beautifully designed show homes and see how contemporary town centre living could look for you.

With shops, cafés, restaurants and the waterfront just moments from your doorstep, New Market Yard offers the perfect blend of convenience, comfort and lifestyle.

📍 New Market Yard
🕙 Saturday 13th June | 10am – 11am
💶 1 beds from £375,000 | 2 beds from £490,000
🧡 Incentives available

We’d love to welcome you along.

Your bank has one job. Selling you their mortgage.

They're not shopping around on your behalf. They've got their range, their rates, and their targets. That's what they'll offer you. It's just how it works.

We work for you. Not a bank. So when we find your deal, it's from the entire market. Not just what one lender happens to be pushing this month.

One conversation. 50+ options. The right deal for you.

🌐 Book your free appointment on our website.

When your network works in mysterious ways… 🙌

Our MD, Gary Tumelty, helped bring Steve Cuss, Head of AFC Bournemouth Community Sports Trust, over to Jersey and the Jersey Bulls Women got a training session out of it.

TMS. Proud sponsors on and off the pitch ⚽️