Christie Finance supports first-time buyers in seafront care home purchase

Christie Finance is pleased to announce its support in the acquisition of Alastair House Nursing Home, a care home located in Rhyl, Conwy, situated just off the seafront in a historically popular holiday destination. The care home is registered for 15 residents, with 13 single rooms and 1 twin room. It benefits from two lounges, a dedicated dining room, and a warm, community-focused environment ideal for its large population of retirees.

This acquisition marks a significant milestone for the first-time buyers, a team consisting of three directors, one of whom brings prior experience as a manager in a care home. The business is family-led, with a husband-and-wife team, alongside the husband’s brother, forming the ownership group. Both brothers bring valuable expertise from their backgrounds in IT.

The team intends to grow their portfolio further by acquiring additional care homes in the near future. With 70% loan-to-value (LTV) secured for the purchase, Christie Finance was proud to support this new venture from inception to completion.

Adeel Khalid of Alastair House Nursing Home, shared his experience, “We recently worked with Christie Finance, and I cannot recommend Ben Youatt highly enough. I can fully vouch for his commitment, expertise and communication. Ben went above and beyond and ensured everything stayed on track. I would strongly recommend Ben and Christie Finance.”

Ben Youatt, Finance Consultant at Christie Finance, comments, “I am delighted to have assisted our clients in the purchase of their first care home. From our initial meeting, where they expressed their interest, we have provided comprehensive support in reviewing various options to ensure they found the perfect setting, along with the best funding solution. I have no doubt that the team will be successful in this venture, and I look forward to seeing them grow from strength to strength and supporting them throughout their ongoing journey in the sector.”

This transaction highlights Christie Finance’s commitment to supporting first-time buyers in the care sector, offering tailored financial guidance and market insight to help clients thrive.

Contact the broker:

Ben Youatt
Finance Consultant
M +44 (0) 7840 022 052
E ben.youatt@christiefinance.com