Land opportunities can arise at any time, whether it’s simply a case of expanding your farm holdings or something more unusual you will often need to move quickly. We can work withyou to help you secure your purchases quickly and take advantage of opportunities as they arise.
Most of our loans don’t have early redemption charges, so we can allow you to seize anopportunity and then refinance more cheaply with a conventional (slower) lender.
This can help with rapid property purchases such as auction property, where we can giveyou an offer in principle, so you’ll know the cost of finance in advance. Once the hammergoes down, you’ll typically have 28 days or less to complete the purchase and we canensure you meet your deadlines.
We will consider all types of property, even if there are specific issues with land you want toacquire, such as access rights, invasive species, drainage problems or any challenge toodifficult for someone without agricultural experience to assess. Come and talk to ourspecialist team to see how we can help.
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Lending Criteria
£100,000 to £10,000,000
England, Scotland and Wales*
Sole traders, partnerships, limited companies, tenant farmers with a right to buy
65%
Agricultural land and property
A relevant business plan
None
Interest only, roll up and repayment options
Typical duration of 12 to 84 months
How Can We Help
Case Studies
A turf business: Agricultural loans don’t just include traditional farm businesses
As a commercial broker, it can be easy to miss when a loan could be an agricultural loan, especially if it doesn’t appear to include “traditional farming activities”. You might not think of a turf business as farming but in fact, they are growing grass on agricultural land and hence could be suitable for an agricultural loan.
A broker was struggling to find a commercial lender to support his client, a small turf company, as he was looking to buy out a larger competitor due to the owners retiring. The commercial lenders were unable to effectively assess the value of the land assets and the combined value of the businesses. Instead, they saw it as a risk due to the smaller trader being the one buying the larger business, which is less common in commercial lending.
But we are expecting is lending against bare land so could effectively assess the value of all the assets. Following the approval of a loan by us, the borrower was able to purchase the second business. The transition was a smooth process and both businesses are trading well.
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…
