Buy-to-let mortgages for Jersey landlords.
A buy-to-let mortgage funds a property you intend to rent out rather than live in, and it is underwritten differently from a residential mortgage — the rent the property will generate does most of the work, alongside your own position. Two things make Jersey its own case. Residential status governs who may lawfully occupy a property, which sets your tenant pool before you have collected a penny of rent. And a great deal of Jersey stock is share transfer rather than freehold, which narrows the lender panel considerably. Establish both before you commit to a purchase, not after.
- Lenders assessed on projected rental income as well as your own earnings
- Share transfer and flying freehold placed with lenders who will actually write against them
- Tenant pool and residential status considered before an application goes anywhere
- First-time landlords and existing portfolios both handled
- Purchase and remortgage of rental property both covered
- Available to individuals and to companies holding property
- Soft credit check at enquiry, so comparing leaves nothing on your credit file
Landlord terms
No obligation. Soft credit check only.
What landlords need to show
- The property is in Jersey and is intended to be let rather than occupied by you
- You know the tenure — freehold, flying freehold or share transfer — and it is confirmed by your lawyer
- Projected rental income covers the mortgage payment by the lender's required margin
- Deposit requirements are higher than on a residential mortgage and vary by lender and tenure
- Most lenders want provable income of your own, separate from the expected rent
- Individuals and corporate borrowers both considered, with different panels
Not sure if you qualify? Request a call back — we will tell you honestly what your options are before you apply. Unfamiliar with any of the terms above? Loan terms explained.
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How a buy-to-let case is placed
Confirm the tenure and the status
Freehold or share transfer, and which residential status applies to the property. These two answers set the lender panel and the realistic rent before anything else is worth discussing.
Check the rent covers the borrowing
Lenders want projected rent to exceed the mortgage payment by a margin. We check the numbers stand up before submitting, rather than finding out at underwriting.
Match to a buy-to-let panel
A different set of lenders from residential mortgages, with their own deposit expectations and their own views on landlord experience and property type.
Valuation, offer, completion
Valuation instructed and offer issued. Your advocate or solicitor handles the conveyance and the contract passes before the Royal Court.
Landlord questions
No. Residential status — Entitled, Licensed, Entitled for Work Only, or Registered — governs who may lawfully occupy which properties, and it applies to tenants as much as to owners. It decides your tenant pool and therefore the rent you can realistically achieve. Confirm the position for the specific property with your lawyer before you offer on it.
Often yes, but the panel is materially smaller than for freehold and the terms differ. Share transfer means you own shares in a company that owns the building, with the right to occupy a unit, rather than owning the property outright — and not every lender is comfortable with that as security. It is the first thing we check.
More than on a residential mortgage, and the requirement moves with the lender and with the tenure — share transfer typically needs more than freehold. We will tell you what the current panel expects for your specific case rather than quote a figure that may have shifted.
Yes, and it usually carries the case. Lenders apply a rental coverage test, requiring the projected rent to exceed the mortgage payment by a set margin. If the coverage does not work, the application does not work, however strong your personal income is.
Some landlords do. It changes which lenders will consider you and it has tax consequences we are not qualified to advise on. Speak to a Jersey accountant or tax adviser about the structure before you decide, because unwinding it later is expensive.
Different transaction taxes apply to freehold purchases and to share transfer purchases, and there are ongoing considerations on rental income. Rates and thresholds change, so get the current position from your lawyer and your accountant rather than budgeting from anything you read online, including this page.
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