If you are ready to buy the premises for your doctor's surgery, we are ready to help
Raise the most appropriate funding for your needsSpeak to one of our experts020 4525 5312
- Release wealth from your existing practice
- Cost-effective and tax efficient
- Flexible arrangements
- Use for any purpose
- From 2% above base rate
- Up to 25 years terms
- Interest only or capital repayment
- Buy premises or existing business
- Unsecured lending from 6%
- Terms up to 5 years
- Secured lending from 2% above base rate
- Terms up to 20 years
Whether you are GP or a consultant, buying your premises could be a sound investment
Rangewell's experts can help find the funding solutions to help
Whether you are a GP or a consultant, you must have a surgery that meets both yours and your patients' needs. Location and space will all be essential. So will a high level of finance, which Rangewell can help you achieve.
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Buying your surgery gives you a more stable financial future, provided you can raise the capital required. At Rangewell, we can help you find the most competitive rates for your purchase plans, and in some cases can even secure 100% funding.
Using a Commercial Mortgage to buy your surgery
Commercial Mortgages can be used to help you buy a surgery or even an existing practice.
They work much like a residential mortgage, with one important difference. Commercial Property Finance is arranged on an individual basis, with rates and terms that reflect your particular circumstances. As a medical doctor with an established practice, you may be eligible for particularly attractive rates.
Using a Goodwill Loan
There is a way to use the potential value built up in your practice, while leaving the funds in your business bank account untouched. A Goodwill Loan, also known as a Capital Withdrawal Loan or Cash Out, can let you access the value without withdrawing funds from it.
It lets you use the goodwill built up in your practice as the security for a loan. It can bring you a sum comparable to your annual turnover, with repayment terms of up to 15 years. Interest rates will be agreed when the loan is taken out and, although they will be variable, are likely to remain more favourable than with other types of lending.
Using a Secured Loan
A Secured business loan can provide a high level of funding, with rates that can be as low as 2% above base rate, and ten or more years to repay. They are supported by security, such as your business assets or your home to reduces the risk to lenders and allow them to reduce the cost to you.
A single funding solution may not fit your property finance plans. We can provide Jigsaw Funding - a package of made up various types of business finance for each purpose. So you might have Jigsaw Funding to acquire premises made up of a Goodwill Loan to provide a deposit and a Commercial Mortgage for the long term, with an Unsecured Loan to deal with the short-term costs of moving your practice.
Finance designed for you
As a medical professional with your own practice, your special status may make it possible to get 100% finance for your plans. Many lenders will be happy to work with you - but not all will be able to offer the most competitive solutions for your needs.
At Rangewell, we will help you find the lenders that are open to financing medical practices.
REAL EXAMPLES OF WHAT WE CAN DO
Help arrange a 100% for a GP setting up a surgery in a remote village
Find a lender to provide a Commercial Mortgage to acquire premises
Help arrange a Goodwill Loan to buy and equip a new surgery
Find the most effective funding for a small partnership wanting to buy a health centre
Last update: 7 June 2023
Download Rangewell’s free and detailed guide to Business Lending for Doctors
What kinds of business funding are there for professionals?
Why you must find the right lender to cut costs
The downsides of borrowing
What paperwork will you need?
Guarantees and security - what are they and how do they affect your funding?
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