Rural Property Financing

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We market and sell the full spectrum of rural property, from one-bedroom cottages to fully-equipped working farms and from bare agricultural land to traditional farmhouses with outbuildings and 5 – 20 acres.  Finance can be utilised to help fund rural property purchases; however different financing options need to be considered in different scenarios. 

We often find purchasers offering on property including land, with these offers being based on a healthy ‘Mortgage in Principle’ agreed with lenders.  However, it is important to note that some lenders set ‘acreage limits’ on property for which they will lend, ensuring they only lend on more standard residential property.  If a property has large stables blocks, separate cottages on land, outbuildings, animal grazing rights or just surrounding agricultural fields, some lenders may refuse an application, refer the matter to the commercial mortgage department or suggest the use of a specialist lender.

When purchasing rural property, it is important to understand the limits of the financing being utilised, including that the property matches a lenders requirement, preventing longer term finance issues within the property transaction.  Having finance refused or changing lenders within a conveyance can naturally cause delays, turbulence within the sale process and can ultimately lead to a sale falling through. 
 
Explaining what you are looking to finance to a reputable mortgage advisor who should help steer you in the right direction is critical.  We can point you in the direction of a few.  We are also agents for AMC for purely agricultural finance.  We would be happy to chat this through with you so contact our team.

Authored by

Simon Wells

North Lancashire

07889 064859


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