Care home mortgages

There has been an increasing trend in the last decade for care and nursing homes to be run independently by private individuals and small limited companies, whilst the majority remain under large corporate ownership.

Financing tends to be made easier if the property has 40 plus beds, has lift facilities and all the rooms are en-suite, however we can still arrange funding if this is not the case.

In general, loan to property value for care homes tends to be between 70% to 75%. The care home mortgage term will be between 20 to 25 years and the rate you can expect to pay will be Bank Base Rate + up to 2.5%.  Rates will be determined by the financial performance of the care home and the previous experience of the business proprietor.

We have excellent experience in the care home mortgage sector and acutely aware of the factors that affect the lending decision, call us for further information.