UK Agricultural Finance is here to help you this year with your financing requirements for your agricultural business. One key area we provide lending support with is tenancy right to buy. To-date, we have helped farmers across the UK who were tenants, obtain the financing needed when the right to buy has become available.
We will take the time from the outset to understand what type of lending you require and with tenancy right to buy, we have loan sizes available from £100,000-£10m across England, Scotland and Wales. Once you have submitted your application with us, we have all checked completed promptly so we can then come back to you with a lending decision.
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. And we may be able to help with a loan based on the open market value of your land, rather than the actual discounted purchase price.
Would you like to find out more about tenancy right to buy and whether we can help with providing loan amounts based on the open market value of your land? 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. If you prefer, you can submit your application to us online and once received, we will reply to you.
Look no further than UK Agricultural Finance for assistance with tenancy right to buy loans!