Are you a tenant farmer and you have the right to buy your land? If so, then we can help you here at UK Agricultural Finance. We are able to provide loan options (subject to checks) from £100,000 to £5m and we will be able to provide the loan for the open market value of the land you are looking to acquire.
If you are based in Scotland then you benefit from the pre-emptive right to buy legislation. Through the 2003 Act, tenant farmers have a pre-emptive right to buy their agricultural holding if their landlord decides to sell.
If you want to take this opportunity, you must first register that right through an application to Registers of Scotland’s Register of Community Interests in Land, which maintains a register of tenant farmers who have recorded their interest in buying the agricultural or farmland that they rent.
We are able to provide loans in Scotland, England and Wales.
Going to a high-street lender initially for tenancy right to buy can be challenging based on how they value the land that you wish to purchase. As we are able to loan for the open value, you can finance with us to purchase the land and then refinance through a high-street lender if needed. Our aim to provide you with flexibility to secure the land you want and have the option to buy and we are here to support you throughout the entire process.
We understand that when it comes to sourcing funds for Right to Buy, the process needs to be straightforward, clear and efficient. We are here to work with you so you can focus on your day-to-day working activities and our dedicated team will be able to get the process moving with obtaining the finance needed.
Would you like more information about how we can help with tenancy right to buy? If so, then please do not hesitate to get in touch. You can call us on 01732 252 399 and we look forward to speaking with you soon. You can also submit your application online to us and once received, we will reply to you.
Make UK Agricultural Finance for your tenancy right to buy loan!