• Buy to Let mortgages

    Whether you are starting or expanding your property portfolio, we are here to help you get the right mortgage deal with our range of Buy to Let mortgage products. Check out our steps below to getting started to put you on the right path to buy to let.

  • Can I apply?

    Check your eligibility to apply, how much you could borrow and our fees. Don't forget about the costs of buying, running and maintaining your Buy to Let property.

    Eligibility and things to consider  

    Find out how much you could borrow

    Find out how much you can borrow, what the maximum loan size on a Buy to Let property is, and what your monthly repayments could be.

    How much can I borrow?  

    Viewing properties

    Once you’re ready to view properties you need to decide what type of property you are looking for – a house or a flat, freehold, leasehold or share transfer.

    Learn more about viewing properties  
  • Lending is at the Bank’s discretion and you must be 18 or over and resident in Jersey, Guernsey, Alderney or the Isle of Man to apply. Security will be required.

    YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

  • Other useful information

  • Check your eligibility to apply

    1. Can I apply for a Buy to Let mortgage?

    You could apply for a Buy to Let mortgage if:

    • you are at least 25 years old
    • you will not be over 75 years old at the end of your mortgage term
    • you are not a first time buyer (Buy to Let mortgages are not available to first time buyers)
    • you already own a property in the Channel Islands or the Isle of Man (or one person to be named on the mortgage already does)
    • you have at least 25% of the price of the property as a deposit
    • the property is being used for rental purposes, and is self-funding (the rent needs to be higher than the mortgage payment)
    • the property is in good condition and not divided into separate units
    • you do not have more than 3 Buy to Let mortgaged properties in total with Lloyds Bank International Limited (including this application).

    How much could I borrow?
    You can hold a maximum of three mortgages or borrow up to £1.5 million in total.

    The maximum loan size on a single Buy to Let property is £500,000. Applications over this amount may be accepted and will be considered on an individual basis.

    The most you could borrow is linked to the amount of rental income our surveyor thinks you could earn. The annual rental income must equate to a minimum of 125% of the annual (interest only) mortgage payment based on the higher of a notional interest rate or the initial rate for the mortgage deal.

    In some cases we’ll also look at your personal income, and may take into consideration the additional cost of any increased tax liability. As a responsible lender, we must consider the future sustainability of your borrowing.

    How much could my monthly payments be?

    Our mortgage arrangers will give you an idea of what you could borrow, current interest rates and compare monthly payments. You’ll also be able to discuss interest only repayment options.

    Book an appointment


    1. Other important things to consider

    Our mortgage arrangers are here to help you every step of the way. They will provide you with all the information to help you choose the right Buy to Let mortgage.

    Understand all of the costs

    Take time to understand the costs involved in buying, running and maintaining your Buy to Let property.

    Purchase costs

    • Deposit – You will need to raise a deposit of at least 25% of the property value.
    • Mortgage fees – This will depend on the mortgage product, there may be a product fee to pay and early repayment charges if you repay early. You'll need to check our current rates for full details. There could be other charges and standard costs which you may have to pay during the life of your mortgage. Your mortgage arranger can provide you with more detail on this.
    • Stamp duty – Check whether you need to pay stamp duty. This applies in Jersey, Guernsey and Alderney. There is no stamp duty in the Isle of Man but recordal fees are payable to the Isle of Man Government.

    Taxation

    • Income tax – You will have to declare rental income on your tax return so you should keep a record of rental payments received and any associated expenditure for the rental property. We can’t offer tax advice so you'll need to speak to someone able to advise, such as an accountant. You may be charged for this.

    Running costs

    Here are the main day-to-day running costs you’ll need to take into consideration. It’s important to remember you are responsible for making the monthly mortgage payments even when the property does not have a tenant:

    • mortgage – if interest rates rise, your monthly payment could too
    • property maintenance – repairs, gas and electricity safety checks
    • insurance – specialist insurance for landlords
    • service charges and ground rents
    • tenancy agreement and letting agent fees.
  • Looking for a property

    Decide what type of property you are looking for - a house or a flat, freehold, leasehold or share transfer.

    Normally a house is sold freehold, which means that you own it entirely, for as long as you like.

    Flats may be purchased in a number of ways, including Freehold, Flying Freehold, Leasehold and Share Transfer. Your legal advisor can explain the differences and how they impact ownership.

    Once the lease has come to an end the property reverts back to the freeholder. Therefore it is important to have a lease of sufficient length if you wish to sell the flat later. This will also affect our lending decision.

    During the period of the lease the freeholder will maintain the structure of the overall building, which includes the flat and the surrounding land. You will be charged a ‘ground rent’ or ‘service charge’ each year for your share of these costs.

    Viewings
    When you are considering buying a property it is a good idea to visit the property at different times of the day to find out, for example, if the street is noisy at night or whether it is particularly busy at lunchtimes.

    Don't visit only when the sun is shining. If you visit during a storm, you may be able to spot a leaky roof or poorly fitted windows.

    Making notes on the particulars, if you are buying through an estate agent, can be very useful and help you to compare properties. It is also important to check for things like damp. Issues like this can cause delays or extra costs later in the process.

    Where to look
    Once you've decided which type of property you would like to buy, you can begin the search.

    Existing properties
    There are three main sources of information available for purchases of existing properties:

    1. Estate agents
      As a property buyer you do not have to pay estate agents' fees, but you should remember that agents act for the seller. Once you have explained to them what you are looking for, they will be able to provide you with details of any suitable properties and make appointments for you to see them. You will normally negotiate the price with the estate agent rather than the seller. It is a good idea to contact several estate agents and ask to be put on their mailing lists.
    2. Advertisements
      Occasionally, people wish to sell their properties themselves rather than employ an estate agent. You will normally find they advertise in their local newspapers and if you reply you will find yourself dealing directly with the seller. Most advertisements, however, tend to be placed by the owner's estate agents.
    3. Social media
      Social media such as Facebook and Twitter can be an effective tool for finding and viewing properties as they first come on the market.

    New properties
    If you are interested in buying a new property, you may be able to approach the builder directly so that you can benefit from any discounts or free fittings, for example kitchen appliances or carpets, that may be on offer. Builders normally advertise their properties through local newspapers and sometimes through local estate agents.

    One advantage of buying a new property is that you avoid 'chain' problems, which often occur when the seller decides not to sell because his or her purchase has fallen through. Buying a new property also gives you a 'clean slate' to work with.

  • Making an offer

    Once you’ve found your ideal property, you can make a formal offer. The amount you offer should be based on how much you can afford, the potential rental income, as well as the market value of the property.

    Before you decide what to offer, it is a good idea to check how the asking price compares with neighbouring properties, how long the property has been on the market and whether the seller has found somewhere else to buy.

    Many sellers fix their asking price above what they would be willing to accept because they expect potential buyers to offer less than the ‘advertised’ price. Don’t be afraid to negotiate. You can always increase your offer and carry out any price negotiations through the estate agent or builder, but if you are buying privately, you may agree the price directly with the seller or the seller’s advocate/solicitor.

    Once you have agreed a price, you should tell your advocate/ solicitor. Remember that making and accepting verbal offers may not be legally binding and therefore neither you nor the seller would be committed to the purchase at this stage.

    Always take legal advice before signing any documents or paying any deposit.

  • Applying for your mortgage

    Mortgage application forms are available from all our branches, but we would advise you to complete it with the help of your Mortgage Arranger. Once your offer has been accepted, you will need to finalise the arrangements for the mortgage with your Mortgage Arranger.

    To ensure your application progresses as smoothly as possible it is important to bring all required paperwork to your appointment with your Mortgage Arranger.

    When meeting your Mortgage Arranger to complete the application, or if you are handing in the completed application, please ensure the following original documents are also provided, if applicable:

    • proof of identity and residence, such as the original or a certified copy of your full passport, or your full driving licence, or any other official document containing your photograph and signature
    • residency card (Jersey only)
    • your National Insurance Card/Social Security Number
    • three months’ bank statements for all accounts not held with Lloyds Bank
    • your last three months’ payslips (if you are salaried) or the last 12 payslips (if you receive weekly pay)
    • confirmation of last three years of bonuses
    • if you are self-employed – your last two years’ certified accounts and your personal income tax assessment for the last two years
    • details of your existing mortgage if it is not with Lloyds Bank International
    • proof of home ownership within the crown dependencies
    • details of any other Buy to Let properties that you own
    • details of any loans that you have plus three months’ credit card or store card statements (if applicable)
    • details of any existing endowment policies and investment products that you may intend to use to repay an interest only Buy to Let mortgage
    • proof of your deposit (minimum 25%)
    • if you have received funds in the form of a gift towards this purchase, please provide a letter from the donor stating that the money is a gift and is not expected to be repaid
    • details of the property you wish to buy (if known) such as particulars from the Estate Agent or Builder, the address and purchase price.
    • if property is currently tenanted please provide existing tenancy agreement
    • the name and address of your Advocate/Solicitor (if available).

    The original document can be given to your Mortgage Arranger who will be happy to photocopy and certify it for you.

  • Surveying the property and the mortgage offer

    When you apply for your mortgage it is important to check the value of the property that you intend to buy.

    Valuations
    As a lender we also need to make sure that it is worth more than the amount you wish to borrow, and can produce the required rental income. Therefore, before we can complete your mortgage we will need to have a ‘lender’s valuation’ carried out by a valuer acting for the bank, selected from an approved panel of valuers. You can find a more detailed explanation of this and other types of valuation below.

    Please bear in mind that once the valuation is commissioned you must pay for it whether or not you proceed with the purchase and whether or not the property is suitable as security.

    Lender’s valuation
    This is the cheapest option and the minimum we require for a Lloyds Bank International mortgage.

    This is simply a valuation that helps us to decide how much we can lend. It will not necessarily highlight any structural problems and you should not rely on the valuation to decide whether to buy the property or to determine how much you should pay for it. We strongly recommend that you have a more comprehensive survey done for your own peace of mind.

    Homebuyer’s report
    This is a ‘mid-priced’ option and is appropriate for most people because it provides enough information to highlight potential problems and could influence your decision to purchase the property or help you negotiate a lower price. It is less detailed than the full structural survey, but includes an inspection on the general state of repair and condition of the property and, provided it has been carried out by a Lloyds Bank International approved surveyor, will also be acceptable as a valuation for mortgage purposes.

    Full structural survey
    This is the most expensive of the three options but is well worth considering. If you are buying an old property or one that you think will need extensive repairs or alterations, this type of survey will bring to your attention any structural work that needs to be done and may prove invaluable in helping you to avoid costly mistakes or to negotiate a lower price if any problems are revealed. A full structural survey can also cover the requirements for a mortgage valuation providing you use a Lloyds Bank International approved surveyor and let us know about the survey in advance.

    Your mortgage arranger should be able to give you an indication of the costs for each type of survey.

    When purchasing a flat in a block building, the valuer may have issues accessing the whole property. This should be considered and checked when deciding on which type of valuation to get.

    The mortgage offer
    Once your application has been accepted, we will normally make a mortgage offer based on the purchase price. However, if the valuation is lower than the purchase price, we will only base our mortgage offer on the valuation figure.

    You will receive your offer in the form of a letter from us which sets out the details of the mortgage such as the interest rate, payment method, mortgage term and repayment amounts.

  • Legal process

    Before the purchase of your new property goes ahead, a legal advisor will need to complete all the legal work for you – a process known as conveyancing.

    A legal advisor may be an advocate/solicitor/conveyancer.

    Before you make a decision, do ask for an estimate as to what the legal fees will be.

    Your legal advisor should carry out a number of searches and enquiries on your behalf, such as:

    • checking the title documents to make sure the property is owned by the seller and can legally be sold
    • making sure there are no proposed developments that could affect the property, such as a road widening scheme (only in Jersey and IOM)
    • ensuring that there are no breaches of building regulations or planning legislation
    • checking for any restrictions on the way the property is used, such as rules covering TV aerials, satellite dishes or commercial vehicles (only in Jersey and IOM)
    • ensuring finance and surveys are in place before advising you to place a deposit (only in Jersey and IOM).

    Guernsey only

    Once your offer has been accepted the following should happen:

    1. Before you sign conditions of sale your advocate will:
      • advise you on the draft contract, including any agreements for fixtures and fittings, such as carpets, light fittings and garden plants
      • ensure all searches and enquiries have been completed

      These steps can take anything from a few days to several weeks to complete depending on whether you are buying a new or existing property and how quickly the seller wants to move.

    2. You sign the conditions of sale and your advocate will:
      • prepare the conveyance prior to the sale being completed in court
      • ask you to pay a deposit to the seller’s advocate or estate agent, normally 10% of the purchase price. Check with your advocate because you may be able to negotiate a different deposit.
    3. You attend court to pass contracts
      This normally takes place two to four weeks after the signing of conditions of sale.

      At this stage your advocate will:

      • transfer the balance of the funds necessary to purchase the property to the seller’s advocate on your behalf
      • ensure that any holding deposit paid to an estate agent has been passed on to the seller or returned to you
      • attend court to register the property in your name
      • pay any fees incurred.

    Alderney only

    The legal process for your purchase is similar to Guernsey but is governed by the Alderney Land Registry.

    The conditions of sale are very close in form to those used in Guernsey but there is no obligation for you to attend court as completion is by registration of a land transfer document which can be submitted by post. There is a requirement by the Alderney Land Registry for verification of your identity which must be satisfied before the registration can take place.

    Once your offer has been accepted the following should happen:

    1. Before you sign conditions of sale your estate agent will:
      • advise you on the draft contract, including any agreements for fixtures and fittings, such as carpets, light fittings and garden plants. This can take anything from a few days to several weeks to complete depending on whether you are buying a new or existing property and how quickly the seller wants to move

      You will visit your Lloyds Bank International branch to agree the mortgage facility that you need. This agreement can be subject to certain conditions which must be investigated and agreed before you sign the conditions of sale (for example, a satisfactory valuation report is obtained), otherwise you could be at risk of losing your deposit.

    2. When you sign conditions of sale:
      • you'll visit the Land Registry to have your signature witnessed on the property transfer documentation. This will happen at any time between signing conditions of sale and the agreed completion date
      • your advocate or estate agent will ask you to pay a deposit to them when you sign the conditions of sale, normally 10% of the purchase price. Check with your estate agent before the date of exchange because you may be able to negotiate a different deposit
      • you will visit your Lloyds Bank International branch prior to the completion date to have your signature witnessed on the purchase bond.
    3. On the completion date, your advocate or estate agent will:
      • go to the Land Registry with a Lloyds Bank International representative and arrange the property transfer
      • once the property is registered in the new name, the bond is registered as the first transaction
      • transfer the balance of the funds necessary to purchase the property on your behalf
      • ensure that any holding deposit paid to an estate agent has been passed on to the seller or returned to you should the property transfer not complete for any reason
      • register the property in your name
      • pay any fees incurred on your behalf.

    Jersey only

    Once your offer has been accepted the following should happen.

    1. Your legal advisor will:
      • check your Residency Card is in date and has the correct status shown on it
      • advise whether an initial agreement to bind the vendor to sell to you on the completion date is required. Most transactions do not need a preliminary agreement to lock the parties to buy and sell on the agreed date. It may be appropriate, if for example, there is a long interval between the agreement to buy and finally passing contract of purchase
      • review the draft contract of sale from the vendor’s lawyer and will check, amongst other things, the description of boundaries; covenants which affect the land; and the record of previous owners of the property
      • write to the utility companies, parish and island authorities to check things such as the connection of the drains to the property
      • visit the property to check the accuracy of the contract of sale and other things such as whether the property enjoys the necessary rights of way and checks the boundaries of the property
      • advise you on the results of the review of the contract; the results of the site visit; and the responses from the authorities
      • advise you on the mortgage financing of the transaction and the risks to be insured
      • remind you to transfer your portion of the purchase price to the firm’s client account
      • These steps usually take 2–6 weeks to complete, depending on how quickly both parties wish to proceed, and on whether any problems arise.
    2. The Royal Court records the transfer
      • Each Friday afternoon the Royal Court sits to hear and record the transfers of title relating to freehold, leasehold and flying freehold properties. The vendor and purchaser (or their attorneys) must be present to acknowledge the contract.
      • At the same time, the bank's lawyers will ensure that the mortgage is registered by the court.
      • You would now normally receive the keys to the property.
      • Your legal advisor will advise you to ensure that buildings insurance, for which you are now responsible, is on cover from the day the contract is passed before Royal Court.
    3. The vendor/seller is paid
      Settlement is made via your legal advisor to the vendor on the Tuesday following the Royal Court registration.

    Properties specific to Jersey

    Freehold property

    The principle of freehold is that the land on which the property sits is owned by you, and by extension everything below and above that plot of land also.

    Until 1991, only houses could be owned in this way, and flats had to be purchased differently. Confirmation of ownership is a contract of purchase, passed before the Royal Court. There is no registered land in Jersey although there is register of contracts passed before the Royal Court.

    Share transfer property

    Before 1991 ownership of a flat was problematic. A limited company was formed to own the land and everything built upon it, to get around this. The articles of that company link the exclusive occupation of each flat to a block of shares. Ownership of each block of shares then gives the owner the exclusive rights of occupation, use and enjoyment of a specific flat in the block.

    The company's memorandum and articles of association states the duties and obligations of both the company and the shareholders, and a copy of them must be obtained by the purchaser before entering into a share vending agreement to buy a block of shares.

    The Population Office rarely has control over share purchases, so anyone can buy on a share transfer basis, whether they have Jersey housing qualifications or not. Occupation of the flat is controlled and only usually those who hold the correct status may live in it.

    Flying freehold property

    The 1991 ‘flying freehold’ law introduced the possibility of buying a flat in a way similar to a normal freehold purchase. The owner of a flying freehold property will automatically become a member of an association of co-owners. The association’s rules will state the rights and obligations of each member, including responsibilities in regard to common areas such as stairways and gardens.

    Isle of Man only

    Once your offer has been accepted the following should happen:

    1. Your advocate:
      • requests from the seller's advocate an 'Agreement for Sale' (the contract that you enter into to buy the property), the 'Abstract of Title' (copies of previous conveyances and other documents relating to the title, or 'Office Copy of Filed Plan' where the title to the property is registered at the Land Registry) and replies to enquiries about the property such as information in respect of boundary disputes or details of any planning approval granted. A draft 'deed of conveyance' (the document which the seller signs to transfer title to you or, 'Transfer' where the title to the property is registered at the Land Registry) is also requested
      • prepares written search enquiries for local authorities, planning office and utility companies
      • undertakes searches at the Deeds Registry or Land registry (as appropriate) where all original conveyances and other title documents are retained. Copies are produced as required and your advocate will confirm that all previous owners had a good title and there are no outstanding mortgages or other issues on the property (except, perhaps, for the seller's mortgage, the details of which will be provided by his advocate)
      • confirms with your lender that a mortgage facility has been agreed, receives a note of any conditions, which may have to be observed before the advance is made, and obtains details of what the lender requires from the advocate.
    2. When satisfactory replies have been received your advocate will:
      • ask you for a deposit (usually 10% of the purchase price) and request that you sign the agreement for sale, having carefully explained the contents of this document and what it means to you. He will also go through the implications of the mortgage in favour of your lender. The deposit is paid to the seller’s advocate and at the same time the contracts are exchanged (the seller also having signed a copy) by the advocates. The purchaser and vendor are now fully committed
      • ensure that on the date of exchange buildings insurance, for which you are now responsible, is on cover and any life insurance required is on risk
      • approve wording of conveyance or transfer and raise any 'requisitions on title', i.e. queries regarding defects which may need correction
    3. You set a completion date
      • Your advocate will produce a settlement statement confirming what you will have to pay. You will be asked to sign the mortgage documentation for the lender. You will pay to your advocate any balance of the purchase price, your advocate’s fees, and any other agreed payments, for example a portion of the current year’s rates. Your advocate will collect the mortgage advance directly from the bank.
      • Your advocate will pay the amount required by the seller's advocate and receive the conveyance and keys. You will sign the conveyance or transfer which is then registered at the Deeds Registry or Land registry.
      • If the title to the property is not already registered at the Land Registry, your advocate will then apply for the first registration of the title to the property at the Land Registry, and an Office Copy and Filed Plan of the registered title to the property and any other relevant documentation will be sent to you by your advocate.
      • The bank will receive its security documents.

    Notes

    There is no stamp duty in the Isle of Man but recordal fees are payable to the Isle of Man Government.

    Advocates are permitted to act for both lender and borrower in respect of mortgage transactions provided there is no conflict of interest and both parties have given informed written consent.

  • Insuring your new property

    It’s important to arrange appropriate insurance for your Buy to Let property.

    Standard property insurance policies do not normally pay out when a property is let.

    Landlord insurance is a specialist policy that covers landlords against a range of eventualities. As well as insuring the building and any contents that belong to the landlord, these policies often provide legal cover.

  • Viewing properties and putting in an offer

    How much can I borrow?

    You’ll need to book an appointment with one of our mortgage arrangers. If approved, you’ll be given an indication of how much you could borrow. There’s no charge for this, and no obligation to apply for your mortgage with us.

    Book an appointment or see the right-hand panel for a contact number.

    What you’ll need for your appointment/to apply

    It would be helpful for you to bring as much as possible with you on the below list:

    • proof of identity and residence, such as the original or a certified copy of your full passport, or your full driving licence, or any other official document containing your photograph and signature
    • residency card (Jersey only)
    • your National Insurance Card/Social Security Number
    • three months’ bank statements for all accounts not held with Lloyds Bank
    • your last three months’ payslips (if you are salaried) or the last 12 payslips (if you receive weekly pay)
    • confirmation of last three years of bonuses
    • If you are self-employed – your last two years’ certified accounts and your personal income tax assessment for the last two years
    • details of your existing mortgage if it is not with Lloyds Bank International
    • proof of home ownership within the crown dependencies
    • details of any other Buy to Let properties that you own
    • details of any loans that you have plus three months’ credit card or store card statements (if applicable)
    • details of any existing endowment policies and investment products that you may intend to use to repay an interest only Buy to Let mortgage
    • proof of your deposit (minimum 25%)
    • if you have received funds in the form of a gift towards this purchase, please provide a letter from the donor stating that the money is a gift and is not expected to be repaid
    • details of the property you wish to buy (if known) such as particulars from the Estate Agent or Builder, the address and purchase price.
    • if property is currently tenanted please provide existing tenancy agreement
    • the name and address of your Advocate/Solicitor (if available).

    What should I consider when choosing which property to buy?

    Tenants - think carefully about the type of tenant you want to attract e.g. young professionals, families or sharers. Considering this may help you to decide on the type of property you purchase and its location. The property should be let based on the equivalent of an assured shorthold tenancy agreement. This should be for a minimum 6-month and maximum 12-month period.

    Location - do your research and visit different areas. Location is an important consideration and will often determine the type of tenant you will let to. Don’t necessarily buy locally to your own property. Think about prosperous areas which might attract a higher demand for rental property. Once you've chosen an area consider the locality, think about transport links, parking, shops, schools and other local facilities - pick the brains of letting agents for information about areas where properties may be easier to rent.

    Condition of the property - if you're buying a property which needs improvements, restrictions could be placed on the amount you can borrow and it could also delay how quickly you can let the property out. Can you afford the mortgage payments during the renovation period?

    Rental income - do your property homework, talk to local letting agents, check the local press to find out comparable rental values. The mortgage valuation will include an estimate of the rental income of the property on an unfurnished basis. But remember, there are no guarantees of what rental income you will get or if the property will rise in value over time.

  • Landlord obligations and renting your property

    Your obligations as a landlord

    Each island has different rules here, so please take independent guidance from a lawyer or agency.

    Tenancy agreements

    A tenancy agreement is a contract between the landlord and tenant. It is most likely to be an Assured Shorthold Tenancy agreement (AST), and provides limited security of tenure to the tenant. Although the content of tenancy agreements varies, they should typically contain the following clauses, but because requirements differ on each island, you should seek local advice:

    • details of the parties involved
    • the date that the tenancy began
    • the duration of the tenancy
    • details of the initial deposit that the tenant should pay and how it is to be protected
    • details of the monthly rent, when it is due and how it is to be paid
    • the length of notice that the tenant and landlord need to give to end the tenancy
    • details of the tenant's obligations while renting the property
    • a provision confirming that the tenant is not liable for fair wear and tear to the property.

    The tenancy agreement should be signed by the tenant and the letting agent, or the landlord if no agent is involved. It can subsequently be changed if both parties agree. We recommend you seek advice from a letting agent or independent legal advice on the terms of the proposed tenancy agreement.

    Tenancy Deposits

    Initial deposits cover you against missing items or any damage caused by the tenant.

    Deposit Protection Schemes

    Check requirements with your island government’s website for details.

    Landlord insurance

    Standard property insurance policies do not normally pay out when a property is let.

    Landlord insurance is a specialist policy that covers landlords against a range of eventualities. As well as insuring the building and any contents that belong to the landlord, these policies often provide legal cover.

    This may help with the legal costs of dealing with tenant disputes and include other valuable cover including:

    • rent guarantee cover - helps protect landlords against a tenant failing to pay rent or something unexpected happening to the property which makes it impossible to let out
    • landlord liability cover - protects landlords against large compensation claims arising from an injury to somebody that is caused by a fault in their property.

    Tenants are responsible for insuring their own personal possessions.

    Landlord repair and maintenance obligations

    As landlord repair and maintenance obligations differ for each island, please seek local advice to find out the right information for you.

    Ending a tenancy

    As the termination of a tenancy agreement differs for each island, please seek local advice to find out the right information for you.

    Getting your property ready to rent

    • Completing an inventory - The agent will carry out a full inventory of the property before it is let, they may charge for this. The condition of the property and its contents will all be recorded, you and your tenant will need to sign to agree that this is a reflective inventory. If you choose not to use an agent, you should arrange for an inventory to be completed.
    • Property presentation - Check if any repairs are needed. Decoration and carpet cleaning should also be a consideration to ensure your property is appealing to tenants.
  • Call us

    Jersey

    01534 845271 or 01534 845307

    Lines are open 9:30-16:30 Monday to Friday

    Guernsey and Alderney

    01481 706317

    Lines are open 9:30-16:30 Monday to Friday

    Isle of Man

    01624 697113

    Lines are open 9:30-16:30 Monday to Friday

    Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. Call costs may vary depending on your service provider.

  • Help and guidance