Are you a tenancy farmer with a right to buy your land?
If you’re looking to seize an opportunity in the new year, UK Agricultural Finance can offer quick and easy-to-apply-for loans. We can offer loans based on the open market value of your land, rather than the discounted purchase price.
Buying land gives you far greater security and much more opportunities than if you have to be at the beck-and-call of a landlord.
It was only in 2003 that tenant farmers in Scotland were even given the right to buy and it’s given farmers much more opportunities if a landlord decides to sell the land. Of course, all you need is the money to seize this sort of opportunity; but unfortunately that isn’t always easy, especially if the tenancy comes to an end unexpectedly.
UK Agricultural Finance regularly help tenancy farmers from across England, Scotland and Wales to get the finance they need.
We can provide you with between £100,000 to £5,000,000 and help you become a landowner in 2019. Our loan to value limit is 65% of the open market value and repayments can be interest only, roll up or repayment options.
A highly flexible and innovative lenders, the typical duration for one of our loans is between 12 to 84 months. Once you have one of our loans, you can then apply to a conventional lender for refinancing, once the six or twelve months have passed. This is the amount of time it normally takes before the land’s open market value can be used to assess a loan.
If you’re a tenancy farmer, why not discover more about our loans today?