Farm Mortgagefarming mortgage
Thanks to our close relationship with a large selection of specialised bankers and creditors, we can find the best loans and conditions for you - many of which are not available on the mainland. Knowing how best to present your situation to the most suitable country creditors, we can maximize your prospects of succeed.
You will save your precious resources, your financial resources and your stresses in the search for the right financing and you will realize your dream of agricultural or country farms.
Could you buy a farm with a standard mortgage?
Some special farm loans can be used to buy farmland, although there are variations from ordinary loans that you should be careful about. Is it possible to take out a mortgage? Tradtional creditors are cautious in providing loans to farm holdings for the mere fact that they are not familiar with the markets.
It is also a dangerous venture if the landlord would leave or be in arrears with the payment, as it keeps the creditor holding on to a real estate with which he does not really know what to do with it. Rather, probably your best choice is to look for an agrarian mortgage (also known as an agrarian mortgage).
For what can I use an agrarian mortgage? It' pays to remember that in order to be eligible for an Agrarian Mortgage, the real estate you buy must include the manufacture of farm produce such as cattle, fruit/veget. Several of the established credit providers such as Barclay's and NatWest are offering farm mortgage loans, but you can also get them secured by specialized credit providers such as AMC and R&BS.
Similar to conventional mortgage loans, interest rate and length of agricultural mortgage loans varies from borrower to borrower and are individually priced so it is best to look around or contact one of our advisers who will be pleased to help you find the right one for you.
Like any other mortgage, you must show the creditor that you will be able to make your payments and present a good loan record, and show that you always settle your invoices on schedule, in some cases you may also need to show that you already have farming expertise.