Farm tenancy purchase
An increasing number of tenants are being given the chance to buy their farms as some landlords seek to realise their assets while the land market is buoyant. The Agricultural Mortgage Corporation plc (AMC) have been specialists in agricultural finance for over 83 years and since 2007 we have lent over £68 million to tenant farmers so that they can purchase their tenancy.
Can you take advantage of the price difference between freehold and tenanted land?
There is a growing differential between the value of tenanted and freehold land. Because we can lend up to 60% of the full value of freehold land (which it would be on completion of the sale) and because we can take into account other assets (such as your own house) it may well be possible for you to meet AMC's lending criteria.
The benefits of borrowing with AMC
Our simple, no nonsense approach to farm finance includes:
- Competitive rates
- Fixed or variable rates of interest or a combination of both (Interest rates can go down making fixed rates less competitive)
- No annual reviews – provided your obligations to AMC are met
- No annual fees with our standard loan (Minimum setting up fee of £750)
- Loan terms available from 5 to 40 years
- Loans are un-callable and can pass from generation to generation
- Experienced staff and land agents with local, agricultural knowledge
An independent appraisal of your options
Clearly such a major decision must make financial sense for you and your family. As a responsible lender we would lend only on a commercially sound proposition that is sustainable over the long term, and where proper professional advice has been taken.
That's where our specialist teams can play a key role in developing a proposition with you. AMC's Regional Agricultural Managers and local land agents have a wealth of experience and would be happy to visit you for a confidential, no obligation, no cost discussion.
Could now be the time for you to buy your farm tenancy?
Graham Donaldson purchased his farm tenancy last summer and you can see how we helped him do so in the testimonial. If you would like a no obligation discussion about a secured business loan proposal for £25,001 or more, please: