Looking to transfer your farm to the next generation? A loan from UK Agricultural Finance could be the ideal solution.

These are difficult times for businesses in a wide range of industries including those in the agricultural sector. For instance, rising inflation is currently putting pressure on the budgets of dairy farmers across the UK.

You might find it tricky to secure finance for a project to upgrade your farm, even if you have a clear business plan. Our expert loan officers are always happy to help you with a wide range of projects, providing you have a detailed plan available.

At UK Agricultural Finance we strongly believe that lending is an individual process where one size doesn’t fit all. That is why we always complete an on-farm visit to better understand your personal circumstances and requirements. This is especially important in the case of generational transfers where is it important to have a clear understanding of both the history of the farm and the future plans of the next generation.

This also gives you an opportunity to meet the team member who will be looking after you throughout your borrowing journey with us. They will look after you and guide you at every step of the way giving you that personal point of contact.

Generational transfers is just one of the many ways our loans can be used.

UK Agricultural Finance regularly helps farmers struggling to secure finance from a conventional lender. Many of our borrowers have been turned down for funding by traditional lenders such as high street banks. This is often due to not meeting rigid requirements or issues with using multiple income streams.

But we are experts in agricultural lending which means we can often look beyond the checklist to assess the real context of a funding request. This means we often get to say yes to people who are exhausted from hearing no!

Our loans are used for a wide range of purposes, including:

  • Purchase of land and Property
  • Livestock finance
  • Renewable energy
  • Generational transfers
  • Recovery and Restructure.
  • Tenancies with a right to buy

When it comes to generational transfers, we can help you transfer your farm to the next generation while keeping some of your capital. We can do this by lending against the open market value of the land rather than the potentially lower price you are selling at.

Conventional lenders often won’t lend if you’re selling to a family member, but we can lend against the open market value of the land. Obviously, the farm needs to be able to support the expected conventional lender’s loan and your next generation should be capable of running the farm as well as you!

Once the next generation gains ownership of the land, they can refinance with a conventional lender.

If you need a loan for your farm, why not find out more about UK Agricultural Finance today? Or contact us for more details.

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