Commercial Mortgages for Doctors and Dental Practices
Terms available up to 100% of property value plus we are able to arrange higher leverage up to 80% of goodwill, with terms available for both Freehold and Leasehold Practices.
Financial options in this sector can often allow clients to borrow at higher gearing levels, with options available to assist with purchase of the practices themselves and not just the property from which they operate.
Previous terms arranged include 100% LTV with an interest rate of 1.70% plus base rate.
Both Private and NHS linked practices can be funded.
What’s required for an assessment? Whilst we can often quote on the first call or in response to the initial email with outline terms available, in order to allow a member of the team to fully appraise an enquiry, it is very useful to have the following information available:
- Latest accounts
- Expected Property Value and any indication of going concern value
- Required Loan amount
- Proposed use of funds (i.e. purchase, remortgage)
- Indication of client experience or summary of their CV
Whilst more information will be needed in due course, the information above will allow an initial appraisal and an indication of financial terms to be outlined.