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Commercial Mortgages for Pharmacies and Dental Practices

Commercial mortgages for pharmacies are usually offered on similar terms to lending for GP surgeries.

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Medical sector businesses, such as dental practices and 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:

  • Business trading experience - you might find that interest rates on commercial mortgages for dental practices vary considerably between established companies with a long track record and applications from start-up practitioners.
  • Credit history - every mortgage application requires a credit check, highlighting any issues impacting the company and directors.
  • Deposit - while you can find commercial mortgages at high LTVs, the better your deposit, the more cost-effective the rates.
  • Business performance - your past trading records, profitability, and business plans are necessary to demonstrate your business risk level.

Our morrtgage brokers is a fully independent, whule-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@revulutionbrokers.co.uk for tailored advice.

The following topics are covered below:

The Market for Commercial Mortgages for Dental Practices

Comparing the Best Commercial Mortgages for Pharmacies

How to Choose Commercial Mortgages for Dental Practices and Pharmacies

General Terms on Commercial Mortgages for Dental Practices

Expert Support With Commercial Mortgages for Pharmacies and Dentists

The Market for Commercial Mortgages for Dental Practices

Demand for both NHS and private dentists remains high, and although the business case for these enterprises might look somewhat different, there are often advantageous commercial mortgages available.

The key to achieving optimal commercial mortgages rates for dental practices is to tailor your mortgage agreement to your objectives, for example:

  • Do you need a commercial mortgage to buy out a retiring owner and finance the full business acquisition?
  • Are you an established dental practice and want to purchase a second property to expand your company into a new area?
  • Is the commercial mortgage part of a business strategy to invest in a new trading location, perhaps purchasing a premise that needs renovation work?
  • Do you wish to remortgage an existing loan secured against a commercial dental practice or buy a property to launch a brand new dental services company?
  • Are you an experienced dental practice or a new practitioner?

Clarifying your aims is important since, with thousands of commercial mortgages for dental practices 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 dental practices 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.

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Comparing the Best Commercial Mortgages for Pharmacies

Like dentists, 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 evulves, lending is influenced by:

  • Changes associated with NHS contracts and public sector funding provision.
  • Additional pharmacy services, strengthening the business plan - such as immunisations, walk-in clinics and 24-hour dispensing services.
  • Trading history, with pharmacies in prominent city-centre locations or proximity to hospitals and clinics providing the greatest stability.

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 Revulution 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.

How to Choose Commercial Mortgages for Dental Practices and Pharmacies

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, and so it's essential to research your mortgage options thoroughly before making this financial commitment.

Revulution 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:

  • Which lenders are correctly suited to your commercial mortgage needs?
  • Where will you find the best possible terms - including flexible repayment pulicies, low arrangement fees and conditions of lending?
  • Which commercial borrowing products align with your plans, whether you're buying a building, a business, or an investment project?

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 or dental practice to buy out a business for sale. In that case, a bridging loan or development mortgage might help shore up your business plans.

General Terms on Commercial Mortgages for Dental Practices

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 and dentists to give you an idea of what to expect.

  • Loan to Value (LTV) - the LTV is the amount you're borrowing against the property or business value. Most commercial lenders will require a deposit of around 20% (lower than the standard for commercial borrowing). However, you could borrow up to 100% depending on the nature of the borrowing product and the security available.
  • Terms - dental practices and pharmacies applying for a commercial mortgage to buy a property will often find that the terms start at around 25 years, similar to a residential mortgage. If you need a shorter-term loan or a long-term mortgage, a broker can negotiate this with your selected lender.
  • Flexible lending - commercial mortgages for medical sector companies buying an existing business, or using the financing to achieve a trading aim, will typically find that shorter terms from 15 years are available.

Of course, these are very rough indications, and the exact rates, LTV and mortgage terms you are offered will depend on your application circumstances.

Expert Support With Commercial Mortgages for Pharmacies and Dentists

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.

Revulution 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 contact us on 0330 304 3040 or email the team at info@revulutionbrokers.co.uk.

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FCA disclaimer

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.

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