Tenancy Right to Buy

If you’re a tenant farmer and have a right to buy your land, we may be able to help with a loan based on the open market value of your land, rather than the actual discounted purchase price.

Many conventional lenders assess their loan on the lower of the discounted purchase price and the open market value, making raising sufficient capital difficult. Our loan could allow you to buy your land and then apply to a conventional lender for a cheaper refinancing, once the six or twelve months have passed that they typically require before using the land’s open market value to assess the loan.

Based in Scotland?

If you are based in Scotland then you benefit from the pre-emptive right to buy legislation. Through the 2003 Act, tenant farmers have a pre-emptive right to buy their agricultural holding if their landlord decides to sell.

If you want to take this opportunity, you must first register that right through an application to Registers of Scotland’s Register of Community Interests in Land, which maintains a register of tenant farmers who have recorded their interest in buying the agricultural or farmland that they rent.

We are able to provide loans in Scotland, England and Wales. And we may be able to help with a loan based on the open market value of your land, rather than the actual discounted purchase price.