Buy-to-let mortgages in Guernsey.

No. Local Market occupation is restricted to people with residential qualifications or a qualifying housing licence, and that applies to tenants as much as to owners. It is the single most important thing to confirm before you buy, because it determines your tenant pool and therefore your rent. Check the position with your advocate.

Different rather than better. Open Market property can be occupied by anyone, which widens the tenant pool, but the properties sit at higher values so the yield maths is not automatically more attractive. Run the numbers on the specific property rather than on the category.

More than for a residential mortgage, and the exact requirement varies by lender and by property type. We will tell you what the current panel expects for your specific case rather than quoting a figure that may have moved.

Yes, and some landlords do. It changes the lender panel and it has tax consequences that are outside what we can advise on — speak to a Guernsey accountant or tax adviser before deciding on the structure.

Yes, either to get a better rate or to release capital towards the next purchase. The assessment is the same as a purchase: rental coverage first, then your own position.

Not necessarily for an Open Market property, though non-resident applications are a more specialist case and the panel narrows. Tell us where you are resident at enquiry so we approach the right lenders first time.

No. We are an introducer that finds lenders. Yield, tax treatment and whether the investment makes sense are questions for a Guernsey accountant, tax adviser or regulated financial adviser.