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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.

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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