If you are looking to purchase the lease of a business, you may have noticed it’s difficult to obtain funding for this type of purchase. The reason often being that there is not enough security for the lender. However there are lenders out there who offer finance for this type of project.
- Maximum loan is 60% of the purchase price.
- Minimum loan is £25,001.00
- Maximum loan term has to be within the unexpired term of the lease.
- 70-75% of the purchase price is achievable if lease >50 years
- 100% of the purchase price can be achieved with additional security.
Please note that these are not reulated by the FCA