Commercial Mortgages for Agricultural and Rural Property (including Farms, Wedding Venues and Residential Estates)
The varied and specific nature of assets and property within this sector mean that every deal must be fully assessed on its own merits, with bespoke terms sourced taking into consideration any restrictions on the title, nature of build or construction and also the specific business operating from the premises or land.
Terms are available up to 82% Loan to Property Value in many cases, with additional debt options available where further borrowing is required, whether secured against the business or assets held within the business. All client requirements will be fully considered at the outset as part of a holistic appraisal of the genuine requirements against the financial solutions available to meet those requirements.
All types of property and businesses can be considered, including property with living accommodation, multi-unit property where the assets are of a different type or build, multifaceted businesses operating from the same site, or an element of property investment where some of the income is derived from third party tenants, there are terms available to assist with all enquiries.
Recent cases have included; refinancing of wedding venues where the owner lives on site during the week, residential property with adjacent storage yards, swimming schools, property with fishing lakes, and many other lifestyle businesses in addition to land with agricultural ties.
What’s required for an assessment? Whilst we can often quote on the first call or in response to the initial email with outline terms available, in order to allow a member of the team to fully appraise an enquiry, it is very useful to have the following information available:
- Latest accounts
- Expected Property Value
- Required Loan amount
- Proposed use of funds (i.e. purchase, remortgage)
- Indication of client experience in the relevant sector and an understanding of the business itself
- Highlighting any title restrictions the client may be aware of
Whilst more information will be needed in due course, the information above will allow an initial appraisal and an indication of financial terms to be outlined.
