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.