If you are ready to buy the premises for your doctor's surgery, we are ready to help
- 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
Talk to Rangewell – the business finance expertsBuying premises can be a sound investment for your practice - but it will mean a large investment. At Rangewell, we can use our contacts across the entire UK lending industry to provide the scale of funding you need.
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 your own, and your patient's need.
Space, location and an environment that is appropriate for a clinical practice will all be essential.
So will a high level of finance.
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 can.
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
Helping you build your profits
Funding tailored to your needsFunding can be drawn together from several sources and tailored to your needs.
Funding that recognises your statusAs a professional practice owner, you maybe able to enjoy preferential rates for borrowing.
No need for extra security with Goodwill LoansGoodwill Loans are secured on the future performance of your practice - there is no need to put your assets or possessions at risk.
An appreciating assetBuying your premises may provide an appreciating asset for your business, and be tax-efficient.
Early repayment optionsSome loan providers will accept early repayments, reducing the total cost of your borrowing.
Cutting borrowing costsAt Rangewell we search the entire UK lending market to find the most appropriate solutions for your funding needs, helping you reduce the costs of your expansion plans.
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?
Key Terms to check
The most appropriate funding methods for Doctors practices
A long-term commitmentA funding package will mean a long-term commitment, with ongoing monthly repayments.
You may need to repay if you sellIf you sell your business, you will need to repay your funding.
A personal liabilityLoans will be secured on your existing practice, but you may be personally responsible for their repayment.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.