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These are exclusive arrangements for landowners and owners of large country properties, which have been traditionally treated as commercial transactions and financed by private banks. We are able to re-structure these onto lower interest rates, by using residential terms, without the need to split the legal title. Thereby leaving property and land together.
Example – A detached House and outbuildings, plus land of a few hundred acres, all on one title. Currently geared to 50% on overall value. The re-structuring would save over 1% per annum in interest for the remaining term.
Notes – Where a farm comprises of residential property, as well as the working farm buildings, the legal titles can be split. The residential property can then be borrowed against separately and the borrowing costs reduced in comparison to commercial loans, previously set up with the whole farm as security.
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"Thank you with your help with the loan for the property.”
Ms J D, Lanarkshire
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