How we can help Podiatrists buy their premises
At Rangewell we can help you buy premises for your podiatry practice, and provide a valuable asset for its future.
Buying property can make more sense than renting for your podiatry practice. Renting is money lost to your business, but buying premises means building up an asset for its future.
Whether you want to buy from an existing landlord or look for new premises, you need the right property. Facilities and size are important, and you need to consider the convenience of your clients. The right location, where they can easily find you, and ideally in reach of public transport could be your key consideration.
In fact, the right location could be more important than cost - because, at Rangewell, we can find solutions to help with that.
Buy premises with a Commercial Mortgage or Secured Loan
Buying a podiatry clinic, or premises that will let you set up your podiatry practice will need a high level of funding, and a Commercial Mortgage may be able to provide the solution. Like a residential mortgage, a Commercial Mortgage is secured on the property you are buying. There is no set upper limit on what you can borrow, and you can have 20 years or more to repay. However, there is one important difference to a residential mortgage. Rates and terms will be agreed based on your particular circumstances, and so getting expert help is essential to ensure you have the most competitive deal.
Secured Loans can provide a high level of funding, with rates as low as 2% above base rate, and ten or more years to repay. Loans are ‘secured’ because they must be supported by assets such as your business equipment or your home, that the lender can take and sell if you became unable to make repayments.
A Secured Loan might be sufficient to acquire smaller premises, such as a suite of rooms which could provide the ideal premises for a smaller podiatry practice.
‘Jigsaw’ Finance could support your podiatry practice plans
A single funding solution may not provide the complete answer when you want to buy property. We can provide Jigsaw Funding - bespoke funding made up various types of business finance.
Finance designed for professional practices
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 know lenders that offer the most attractive funding solutions. But we don’t stop there. We will work with you to understand your business plans and use our expertise to help find the funding that meets your needs.
To find out more about setting up the finance you need to buy your premises simply call us. Our experts are ready to help.
REAL EXAMPLES OF WHAT WE CAN DO
Help arrange 100% property purchase funding
Find a lender to provide the most competitive rate
Help arrange funding to buy and equip a new surgery
Find the most effective financial solutions for a partnership
Meet real medical professionals who we have helped
Helping you build your profits
Funding tailored to your individual needsFunding can be drawn together from several sources and tailored to your needs.
Funding that recognises your status as a professionalAs a professional practice owner, you may be able to enjoy preferential rates for borrowing.
Goodwill Loans mean no need for extra securityGoodwill Loans are secured on the future performance of your practice so there is no need to put your assets or possessions at risk.
An appreciating asset for your practiceBuying your premises may provide an appreciating asset for your business, and be tax-efficient too.
Early repayment optionsSome loan providers will accept early repayments, reducing the total cost of your overall borrowing.
Cutting borrowing costs for your businessAt 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 podiatry practice's expansion plans.
Download Rangewell’s free and detailed guide to business lending for Podiatry Professionals
What kinds of business funding are there for Podiatry Professionals?
Why you must find the right lender, who understands your sector, to cut the costs of borrowing
Are there any downsides to borrowing for my business?
What paperwork will I need to provide with my application?
Will I need to provide any guarantees or security to lenders to support my application for funding?
What Key Terms do I need to check?
Download our free e-book for finance for podiatry professionals
A long-term commitmentA funding package will mean a long-term commitment, with ongoing monthly repayments.
You may need to repay if you sell your businessIf 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.