Commercial mortgages for care homes
In recent years there has been an increasing trend for care and nursing homes to be run independently by private individuals and small limited companies.
Financing tends to be made easier if the property has 40 plus beds, lift facilities and all the rooms are en-suite. However we can still arrange funding if this is not the case.
In general, the loan to property value for care homes tends to be between 70% to 75%. Mortgage terms range between 20 to 25 years and the rates range between Bank Base Rate + 1.5% and 2.5%.
We have excellent experience in the care home sector and we are acutely aware of the factors that affect the lending decision.
If you are interested in obtaining a quote for a care home mortgage, please call our Commercial Mortgage team on:
0845 257 2492
Or apply online now for a no obligation quote.
Get your fast, no obligation, mortgage, remortgage or loan quote now.
- Mortgages for pubs, restaurants and take-aways
- Mortgages for farms and agricultural businesses
- Mortgages for retail shops
- Mortgages for hotels, guest houses, and B&Bs
- Mortgages for industrial and warehouse units
- Mortgages for offices
- Commercial mortgages for professional premises
- Commercial mortgages for care homes
- Semi Commercial Mortgages
