FINANCE FOR THE CARE SECTOR

AMOUNT

  • Minimum £50,000
MAXIMUM

  • Upto 80% loan to value

INTEREST RATE

  • Variable from 1.25% over bank base
TERM

  • Up to 25 years

SECURITY

  • First charge over freehold or long leasehold residential care and nursing homes

FEES
  • Lenders fee typically 1% of advance
  • Borrower to pay legal and valuation fees
NOTES
  • In all cases it will be necessary to show the applicants ability to operate the business successfully. Historic trading accounts and projections for the business will be required.
  • These details apply only to owner occupied freehold and long
    leasehold only.
  • Where tenants are purchasing at discounted prices special schemes
    are available.
LATEST NEWS

Buy to let

Up to 75% LTV. max loan per property £1,500,000 Purchase or remortgage.

Commercial Mortgages

Up to 80% LTV terms up to 30 years. Negotiable interest only period. Rates from 1.50% over bank base rate

Bridging Finance

Up to 75% LTV 100% (with additional security) term up to 36 months. Residential or commercial properties accepted as security Rates from 0.95% per month

Development Finance

Up to 65% of land costs and 100% of build costs. Terms up to 24 months Rates from 3% over bank base. Roll up of interest.

Non Status Commercial Mortgages

Up to 70% LTV. Terms up to 30 years. Rates dependent on status.