Care Home Finance | Get A Mortgage Quote
Christie Finance is an expert in commercial mortgages for care homes. We help you get the best care home finance.
Interest in the care home sector is surging among both first-time buyers and experienced operators, not least because of the attractive returns it can offer to owner-operators.
Now is the perfect time for you to join a booming industry by taking out a loan to purchase a care or nursing home.
We can give you a quote for a commercial mortgage for a care home that considers all of your borrowing requirements. All you need to do is tell us:
- How much you need to borrow
- How large your deposit is
- Your personal details
- Your contact details
- Your location
Simply submit the above information to get a care home finance quote. One of our finance experts will then contact you to help you get the care home commercial mortgage you need.
Care home loan features
The terms of a commercial loan against a care home vary considerably from lender to lender. As a general rule, the following may apply (subject to status):
Examples Of What Care Home Finance Can Be Used For
If you don’t already have a specific property in mind, it can be tricky knowing precisely what care home finance can be used for.
Christie Finance has helped a huge amount of people to get the care finance they need from a commercial mortgage broker, so they can buy the nursing and care homes they want.
Check out some of the care home properties mortgages people have secured after getting financial advice from us.
8 Key Things You Need for Your Commercial Loan Application
Applying for a commercial loan is a key part of buying a care home business because it provides you with the upfront capital or development finance you need to make it a successful venture.
Lenders require some important information from you to be able to process a successful application for a commercial loan.
To help you prepare, here are some of the key things a lender needs from you:
- Evidence of business performance
- Two years of trading accounts
- A deposit of 30% or more
- Proof of experience
- income projections
- Good credit history
- Additional security
- Business plan
A strong proposal from Christie Finance can also help you during the application process. A financial assessment from our experts can help to show the strength of your proposal.
Talk to Christie Finance today to arrange a call with one of our specialists and boost your chances of submitting a successful commercial loan application.
The UK’s ageing population means now is a good time to get into the care industry
In the UK, the Office for National Statistics has reported that through the latter half of the 20th Century, the UK’s population transitioned into an ageing one. This trend is only projected to increase, with one in four people in the UK set to be 65 and older by 2050.
The UK’s ageing population is seeing more people leave their own home and move into supported living, whether that’s paid for through self-funding or help from their local council.
This has made the care industry attractive to entrepreneurs and investors who wish to enter the market, in addition to existing operators wishing to expand.
However, the Care Quality Commission that regulates the industry in England (CSSIW in Wales and CIS in Scotland), has delivered increased scrutiny on operators in recent times. This has made it challenging for operators to maintain ‘good’ or ‘outstanding’ ratings on their care/nursing homes.
Operating within the care sector brings unique challenges that operators must navigate to be successful. Christie Finance has over 45 years’ experience working with operators in this sector. We can utilise this extensive experience to help you when presenting your funding proposal to finance providers.
Using A Specialist Broker Is Key To Getting The Finance You Need
Continuous changes issued by the key regulatory bodies in England, Wales and Scotland has created an ever-evolving appetite to support the care sector from lenders.
This changing lender appetite means engaging a specialist finance broker is key to obtaining the most suitable funding terms for you and your business.
As an independent credit broker, we are not tied to any specific lender — there is not a lender we have a vested interest in promoting above another.
We have established and trust-based relationships with the leading lending institutions as well as niche lenders and specialist debt funds that operate across the UK.
We know which specialist lenders are financing the care sector, and whom to approach to get the best deal for you based on your circumstance.
Whatever you need, Christie Finance will help you get the funding you need to purchase or lease the care home you want.
What Christie Finance Can Help You With
Christie Finance specialises in care home finance. Our team of mortgage brokers can answer all your questions about commercial mortgages, such as:
- How can I get a commercial mortgage to purchase a care home?
- How much deposit do I need to buy a care home
- How long does it take to buy a care home
- How do I start a small nursing home?
- Can a nurse open a nursing home?
Watch the video below to discover what Christie Finance can help you with.
Our commercial mortgage services
We’ve been helping first-time buyers and existing business owners secure funding for over 35 years.
What makes Christie Finance different?Find out more about commercial mortgages
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