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Healthcare

HEALTHCARE FINANCE

Whether you are purchasing a new business, refurbishing your existing property or looking to remortgage then we have lenders for you. Our lender contacts are all specialists in Healthcare Finance which covers Care & Nursing Homes, Dentists, GPs, Optometry, Pharmacists and Vets.


POINTS TO CONSIDER WHEN COMPARING HEALTHCARE FINANCE

  • Manual underwriting;
  • Experience essential to get better rates;
  • Business Plan may be needed;
  • Minimum two years profitable trading;
  • Any outside Inspection Reports are looked at in detail;
  • All types of tenants considered;
  • Term of loan can be shorter;
  • Repayment mortgages are the most common.

INFORMATION NEEDED

  • Three year’s accounts;
  • Management figures to date if produced;
  • Business plan and/or projections if purchasing another business;
  • 3-6 months business bank statements;
  • Asset & Liability Profile for directors;
  • Historic Occupancy levels if applicable;
  • Income & Expenditure Profile for directors.

PRODUCT TERMS

  • Healthcare Finance available on an interest only, full repayment or part interest and part repayment basis;
  • Loan terms vary from 3-30 years;
  • Available to individuals, partnerships, LLPs, trusts and limited companies;
  • Minimum property valuation £100,000.

Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

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