This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.
Medical sector businesses, such as pharmacies, tend to be strong commercial mortgage candidates since the lender will usually find it much easier to approve the loan based on key factors such as affordability and risk.
Commercial mortgages for pharmacies are usually offered on similar terms to lending for GP surgeries.
Still, working with an experienced broker remains crucial to ensure the terms are aligned with your business aspirations.
Lenders will evaluate several factors before offering a commercial mortgage, including:
Revolution Brokers is a fully independent, whole-of-market broker with years of industry experience negotiating outstanding commercial mortgages for pharmacies and other medical sector organisations.
Here we'll outline some of the key information to know before you apply - or you can contact our knowledgeable team on 0330 304 3040 or at info@revolutionbrokers.co.uk for tailored advice.
Demand for both NHS and private prescription medications remains high, and although the business case for these enterprises might look somewhat different, there are often advantageous mortgage brokers available.
The key to achieving optimal commercial mortgages rates for pharmacies is to tailor your mortgage agreement to your objectives, for example:
Clarifying your aims is important since, with thousands of commercial mortgages for pharmacies out there, you could potentially save thousands with expert guidance.
For example, a lender that doesn’t specialise in medical sector applicants might offer commercial mortgage rates on the same rates as any other low-risk business mortgage - but you might need a sizable deposit and a good credit rating to be eligible.
Niche lenders focusing on specific types of commercial mortgage may have favourable interest rates and heavily competitive terms that are a much better prospect for your business.
Likewise, a new business is inherently riskier, so it makes sense to ensure you avoid unnecessary delays and cost applying for a commercial mortgage for pharmacies through a lender that requires a minimum trading history.
This stage is where an accomplished broker steps in, analysing your circumstances, scouring the breadth of the market for the most suitable deals, and structuring your commercial mortgage application to optimise your chances of approval.
Pharmacies are an integral part of the framework of medical care and a business that poses a low-risk exposure level to commercial mortgage lenders.
As the pharmaceutical sector evolves, lending is influenced by:
Therefore, it remains paramount to compare the commercial mortgages for pharmacies before applying since the interest rates available will vary widely.
Lenders will assess each application on a case-by-case basis before making an offer, so the stronger your application, the less your commercial mortgage will cost your pharmacy business.
As commercial mortgages become more prevalent and high street banks weigh in on this unregulated market, it has never been a better time to work with an independent, experienced broker such as the Revolution team.
The best commercial mortgages for pharmacies are often available from specialist lenders, which don't offer products to the general public and negotiate terms directly within their network of approved brokers.
Ultimately, whichever commercial mortgage you choose needs to fit within your cash flow forecasting, and long-term business aims.
Commercial mortgages can run upwards of 40 years, so it's essential to research your mortgage options thoroughly before making this financial commitment.
Revolution Brokers provides a bespoke service to support each client, from their initial inquiry to final mortgage completion.
Our consultants take the time to get to know you, your business, and what you require from your commercial mortgage, identifying:
We can also provide structured guidance in unique circumstances to help you make fast financing decisions.
For example, suppose you wish to quickly finance a commercial mortgage for a pharmacy to buy out a business for sale. In that case, a bridging loan or development mortgage might help shore up your business plans.
As we've explored, multiple variables will influence the type of commercial mortgage we recommend and what sort of rates and charges you can expect to pay.
Below we've listed some of the typical terms you'll find attached to commercial mortgages for pharmacies to give you an idea of what to expect.
Of course, these are very rough indications, and the exact rates, LTV and mortgage terms you are offered will depend on your application circumstances.
If you're looking for a mortgage against a commercial medical company, a specialist broker with experience in the market will ensure you get the best possible deals.
Revolution works with thousands of businesses, offering independent advice and access to all the commercial mortgages and lenders available on the market.
For help and advice structuring your commercial mortgage application, please get in touch with us on 0330 304 3040 or email the team at info@revolutionbrokers.co.uk.
Your application for financing to buy a pharmacy will include an initial assessment, followed by a formal, full application.
Revolution Brokers will always try to provide indications as to what you might expect to be offered, but the first step is to run through your requirements and recommend the right products and lenders.
To get a solid idea about the kind of pharmacy financing you need, it's best to have available:
Lenders will inevitably ask for more information as we advance, including a business plan. Still, these pieces of information should usually be enough to get started with your pharmacy financing search.
There are countless reasons that we recommend using a pharmacy finance broker before making any long-term financial decisions.
As an experienced broker, we can negotiate terms, advise on niche offers, and structure bespoke mortgages perfectly aligned with your business aspirations.
Another consideration is that a commercial mortgage may not be the ideal product for your investment. Other pharmacy finance options might include:
Although often considerably more complex than a straightforward commercial mortgage, practice acquisition loans are another possible option.
The trick is to work with an independent broker who will advise on the right financing options for your pharmacy to help you select products to your advantage.
Whatever the circumstances, it's best to speak with an experienced commercial broker to help you work out which products fit your requirements and compare like-for-like borrowing products.
The best way to secure optimal financing for a pharmacy is to work through the steps methodically and with guidance from a whole-of-market independent broker.
If you have all your paperwork prepared and an in-depth assessment about how you will use the financing to grow your business, you will be in a strong position.
Lenders will want to see things like:
Whether you're buying empty commercial land to build a pharmacy adjacent to a hospital or medical centre, buying a vacant unit to renovate into a pharmacy, refinancing your existing building, or buying out another business, professional advice is invaluable.
Remortgaging your home is a great way to release equity and raise finance for those home improvement jobs you've always wanted to do. Before applying, it's vital to work out how much equity you have in your property and ensure sufficient capacity to borrow the funds required for the renovation you have in mind. In today's article, t..
Do I Qualify for First-Time Buyer Status? Working out whether or not you are a first time buyer may seem obvious - but there are plenty of scenarios where your position isn't clear! Examples might include: New buyers who have inherited a property they rent out. Buy-to-let investors that have never purchased a residential hom..
Most homeowners know that remortgaging means switching a mortgage from an existing lender over to a new deal. However, the process isn't always obvious. If you're on a fixed-rate deal, you'll want to get ahead of the end of the term to avoid being shuffled onto a higher standard variable rate where your interest costs will undoubtedly ..
Finding a great mortgage as a first time buyer can feel like an uphill struggle, with a larger proportion of applicants being turned down than a year ago. Around 20% of first-time mortgage applicants are rejected, usually because of the lender risk associated with their loan. Today, Revolution Brokers explains the highest risk facto..
Investing in a rental property can be an excellent way to get onto the property ladder and earn an income. However, if you haven't owned a residence before, you might find that a mainstream bank will automatically turn you down for a buy to let mortgage. In today's guide, the Revolution Brokers team explains how you can become a ren..
Buying a home for the first time is a massive step - but the deposit is often a stumbling block for first-time buyers. It can take years to save a sufficient amount or be impossible, so there are several ways to approach the problem and get your foot onto the property ladder. From April 2021, the UK government launched the new mortg..
If you refer a friend for a mortgage or any
type of finance you’ll both receive £25
each when their new application
successfully completes.
We are proud
members of the:
The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.
Revolution Brokers understands that mortgages can be complex and confusing!
Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.
