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Mortgages / Home mover
If you own a home already but are looking to move, we can help you with how much you can borrow and choosing the right mortgage.
Whether you're new to Lloyds Bank International or an existing customer, learn about the size of deposit you’ll need, how much you may be able to borrow and whether you’re eligible for a mortgage.
Our mortgage calculator gives you an idea of what you may be able to borrow and shows the current interest rates, based on your circumstances. You can also compare monthly payments.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.
Once you’ve made an appointment to come in, you will speak to one of our mortgage arrangers. They will go through the different options available to you, based on your circumstances.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Once your offer has been accepted, you will need to finalise the arrangements for the mortgage with your mortgage arranger. Mortgage application forms are available from all our branches, but we would advise you to complete them with the help of 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 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:
The original document can be given to your mortgage arranger who will be happy to photocopy and certify it for you.
Before the purchase of your new home goes ahead, an advocate/solicitor will need to complete all the legal work for you – a process known as conveyancing.
Before you make a decision, do ask for an estimate as to what the legal fees will be.
Your advocate should carry out a number of searches and enquiries on your behalf, such as:
Once your offer has been accepted the following should happen:
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.
This normally takes place two to four weeks after the signing of conditions of sale.
At this stage your advocate will:
You should now be able to collect your keys and move in!
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.
These steps usually take 2–6 weeks to complete, depending on how quickly both parties wish to proceed, and on whether any problems arise.
Settlement is made to the vendor on the Tuesday following the Royal Court registration via your advocate.
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.
Before 1991 ownership of a flat was problematic. A limited company was formed to own the whole building. The articles of the company are phrased to link the exclusive occupation of each flat to a block of shares. Each block of shares then gives the owner the exclusive rights of occupation, use and enjoyment to 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 shareholder, 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 effectively anyone can buy on a share transfer basis. Occupation of the flat is controlled and only usually those who hold the correct status may live in it.
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.
There is no stamp duty in the Isle of Man but recordal fees are payable to the Manx Government.
Advocates are permitted to act for both parties in property transactions provided there is no conflict of interest and no objection is raised by either party.
First you need to decide on the date that you can move into your new home and agree with all parties. This is particularly important if you have a place to sell and need to co-ordinate a date with the people moving into your existing home. Matching your dates will prevent you from having to pay for two properties. Should you be currently renting, you will need to give your landlord a leaving date.
If you are hiring a removal firm to move your belongings, obtain quotations from a number of firms and make a provisional booking. Some removers will also pack for you, which may be advisable. See the section on packing below. If you are looking to hire a van and carry out the move yourself, you should also book it early. Make sure your belongings are insured during transit.
Before you move you will need to contact all services – electricity, gas, telephone and water – to arrange final bills and reconnection at your new home.
Start letting everyone know that you are moving.
You may wish to measure up for new carpets and curtains; however, it is wise not to commit yourself to ordering until after the completion date (or after conditions of sale have been signed in Guernsey and Alderney) in case the purchase falls through.
Approximately two weeks before you move, start packing everything except necessities and last-minute items. Some removers will provide you with boxes for this, but if your removal firm will not take financial responsibility for breakages unless it has packed everything itself, leave the packing to the removers. Remember to have all the essentials to hand for moving day itself.
Moving can be hard work, particularly if you decide to do all the moving yourself. Planning ahead will help everything to go smoothly.
We have a number of different rates and offers depending on your circumstances. You can either book an appointment in one of our branches or give us a call to find out more.
01534 845271 or 01534 845307
Lines are open 9:30-16:30 Monday to Friday
Guernsey and Alderney
Isle of Man
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.
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Lloyds Bank International Limited, a Jersey registered and regulated bank, is a subsidiary of Lloyds Bank Corporate Markets
plc, a UK Non-ring-fenced Bank. Both companies are part of Lloyds Banking Group plc and are independent from Lloyds
Bank plc which is Lloyds Banking Group’s ring-fenced, UK regulated retail and commercial bank. For more information on
ring-fencing visit international.lloydsbank.com/ringfencing
Our products and services are offered by Lloyds Bank International Limited & Lloyds Investment Fund Managers Limited. See company Information. Whilst our services will be available to many customers, there are countries where, due to legal or regulatory restraints, we cannot provide them.
Rules and regulations made under the UK Financial Services and Markets Act 2000 for the protection of depositors and investors, including the Financial Services Compensation Scheme, do not apply to the financial services business of companies within the Lloyds Banking Group carried out from offices outside of the United Kingdom.
Lloyds Bank International Limited. Registered office and principal place of business: 11-12 Esplanade, St Helier, Jersey, JE2 3QA. Lloyds Bank International Limited is incorporated in Jersey No. 4029 and is regulated by the Jersey Financial Services Commission to carry on deposit-taking business under the Banking Business (Jersey) Law 1991 and investment and general insurance mediation business under the Financial Services (Jersey) Law 1998. Lloyds Bank International Limited subscribes to the Jersey Code of Practice for Consumer Lending and has also notified the Jersey Financial Services Commission that it carries on money service business.
The Guernsey branch of Lloyds Bank International Limited, principal place of business PO Box 136, Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 4EN, is licensed by the Guernsey Financial Services Commission to take deposits and to carry on controlled investment business and insurance intermediary business under The Banking Supervision (Bailiwick of Guernsey) Law, 1994, The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) and The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002 (as amended), respectively, and is also registered with the Guernsey Financial Services Commission as a money service provider.
The Isle of Man branch of Lloyds Bank International Limited of PO Box 111, Peveril Buildings, Peveril Square, Douglas, Isle of Man IM99 1JJ is licensed by the Isle of Man Financial Services Authority to conduct deposit-taking and investment business and is also registered as an insurance intermediary in respect of general business.
Lloyds Bank International Limited is a Jersey registered company that is a wholly owned subsidiary of Lloyds Bank Corporate Markets plc. Lloyds Bank Corporate Markets plc is incorporated in the United Kingdom, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 763256, and is part of the Lloyds Banking Group. Lloyds Bank International Limited places funds with Lloyds Bank Corporate Markets plc and thus its financial standing is linked to that of the group. Depositors may wish to form their own view on the financial standing of Lloyds Bank International Limited and its parent based upon publicly available information. Download Lloyds Bank International Limited’s latest annual financial statements at http://international.lloydsbank.com/legal-information/
Lloyds Investment Fund Managers Limited. Registered office: 11-12 Esplanade, St Helier, Jersey, JE2 3QA. Authorised by the Jersey Financial Services Commission under the Collective Investment Funds (Jersey) Law 1988.