Healthcare Practice Mortgages
Over half of the UK’s doctor’s surgeries are owned by General Practitioners and the healthcare sector continues to grow year on year.
Whether you are a doctor looking to purchase your practice or someone looking to purchase a surgery as an investment, the process is complicated but Jordan Lynch are here to help.
How can Jordan Lynch help?
In the current financial climate, it can be tough to secure funding for commercial and specialist mortgages. Even working professionals such as GPs, Surgeons and Doctors can struggle to find lenders who will agree reasonable terms and be flexible to changing circumstances.
At Jordan Lynch we have been securing mortgages for medical professionals since 2006. Our expert team is in direct contact with lenders and banks who specialise in funding Doctors, General Practitioners, Veterinarians, Medical Consultants and other medical professionals.
What kind of funding can I receive?
Jordan Lynch can help with a wide range of funding needs, including but not limited to:
- Practice Loans
- Surgery building extension / redevelopment
- Partnership Buy in/Buy out
- Business Expansions
- Property Refinance
- Property Acquisition
- New Medical Centre Development
- New surgery development
How much can I borrow?
Jordan Lynch can assist in purchasing, remortgaging, and partnership buy ins in the healthcare sector. In certain healthcare sectors, 100% funding is achievable, but typically most lenders are comfortable up to 75% LTV.
As Jordan Lynch offers a bespoke service tailored towards the healthcare sector it can be difficult to give a ‘one size fits all’ answer, why not give us a call to receive your quote.
What do I need to qualify?
If you are considering purchasing a healthcare practice, there a few things that the lender will be looking for:
- Experience – Do you have the necessary experience in the healthcare sector? It is common for lenders to ask for a copy of your CV to evidence prior experience.
- Performance – Location and profitability of the practice is important to lenders, to ensure that you are able to make the repayments on the mortgage.
- Good credit history
- Three years’ trading accounts and income projections
- Business plan – This is a document that describes in detail your company’s core business activities, how your business will go about achieving these goals, covering marketing strategies, financial planning and budgeting. Lenders will look at this plan to assess your eligibility for finance.