Purchase of Land

Additional acreage or a unique property opportunity may come available at any time and often at short notice. We can move quickly to help you secure this and expand your business.

Our loans don’t have early redemption charges, so we can allow you to seize an opportunity and then refinance more cheaply with a conventional (slow) lender. This can help with auction property, where we can give you an offer in principle, so you’ll know the cost of finance in advance. Once the hammer goes down, you’ll typically have 28 days or less to complete the purchase and we can ensure you meet your deadlines.

We will consider all types of property, even if there are specific issues with land you want to acquire, such as access rights, invasive species, drainage problems or any challenge too difficult for someone without agricultural experience to assess –  if so, come and talk to our specialists.

Lending Critera Overview

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Loan size
£100,000 to £10,000,000
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Location
England, Scotland and Wales*
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Borrower
Sole traders, partnerships, limited companies, tenant farmers with a right to buy
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Loan to value limit
65%
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Security
Agricultural land and property
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Use of proceeds
A relevant business plan
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Age limits
None
Before taking out a loan from us, it’s important to familiarise yourself with our Terms & Conditions.

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Step 7

Step 8

rail
Step 1

Some land comes available that would be valuable to your business:

  • Research idea + expert advice
  • Business plan
  • Research different funding sources
Step 2

You contact us:

  • How much would you like and what property are the funds for
  • What’s the current and prospective security worth
  • When do you need the money
  • Any existing debts
  • How will you repay us
  • Anything else we should know
Step 3

We send you a decision in principle for you to accept:

  • How much we can lend, the interest rate and any fees
  • Your only commitment at this stage is for any costs incurred on legal or valuation fees
Step 4

Your application goes to a dedicated loan officer:

  • They help and guides you through the process from start to finish
  • We instruct an independent valuation of your current property
  • You appoint a solicitor to act for you
Step 5

Your loan officer asks for:

  • Information, such as bank statements, business accounts, tenancy agreements, your business plan, your anticipated purchase, a net worth statement and the plan to repay our loan
  • We do credit and land registry checks and the solicitors complete normal conveyancing checks
Step 6

We visit you at the farm to:

  • Get to know you and your current business, as well as your new plans
  • Understand your repayment plan
Step 7

Your solicitor:

  • Explains everything in the documentation
  • You ask about anything you don’t understand
  • You sign to confirm having received independent advice, then sign the contractual paperwork
  • We sign, the loan completes and you receive the funds
Step 8

You build your business and repay our loan

Case Studies

Land Acquisition to Fund Expansion

Our client sought to acquire an adjacent farm to their existing holdings, as this should enable them to convert the newly acquired farm to house their rapidly expanding businesses, with the additional land helping to increase the economy of scale of their business.