Care Mortgages
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Our expert team of finance brokers are ready to provide you with all the advice and support you need to make the best business decisions
What Christie Finance Can Help You With
Christie Finance specialises in care home finance. Our team of mortgage brokers can answer all your questions about commercial mortgages, such as:
- How can I get a commercial mortgage to purchase a care home?
- How much deposit do I need to buy a care home
- How long does it take to buy a care home
- How do I start a small nursing home?
- Can a nurse open a nursing home?
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Business mortgage calculator to work out how much your monthly repayments may cost you over your requested loan term.
Examples Of What Care Home Finance Can Be Used For
If you don’t already have a specific property in mind, it can be tricky knowing precisely what care home finance can be used for.
Christie Finance has helped a huge amount of people to get the care finance they need from a commercial mortgage broker, so they can buy the nursing and care homes they want.
Check out some of the care home properties mortgages people have secured after getting financial advice from us.
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If you'd like to discuss these findings with your local sector expert, get in touch.
8 Key Things You Need to Consider
Applying for a commercial loan is a key part of buying a care home business because it provides you with the upfront capital or development finance you need to make it a successful venture.
Lenders require some important information from you to be able to process a successful application for a commercial loan.
To help you prepare, here are some of the key things a lender needs from you:
- Evidence of business performance
- Two years of trading accounts
- A deposit of 30% or more
- Proof of experience
- income projections
- Good credit history
- Additional security
- Business plan
A strong proposal from Christie Finance can also help you during the application process. A financial assessment from our experts can help to show the strength of your proposal.
Talk to Christie Finance today to arrange a call with one of our specialists and boost your chances of submitting a successful commercial loan application.
A Specialist Broker Is Key To Financing
Continuous changes issued by the key regulatory bodies in England, Wales and Scotland has created an ever-evolving appetite to support the care sector from lenders.
This changing lender appetite means engaging a specialist finance broker is key to obtaining the most suitable funding terms for you and your business.
As an independent credit broker, we are not tied to any specific lender — there is not a lender we have a vested interest in promoting above another.
We have established and trust-based relationships with the leading lending institutions as well as niche lenders and specialist debt funds that operate across the UK.
We know which specialist lenders are financing the care sector, and whom to approach to get the best deal for you based on your circumstance.
Whatever you need, Christie Finance will help you get the funding you need to purchase or lease the care home you want.
The UK’s ageing population means now is a good time to get into the care industry
In the UK, the Office for National Statistics has reported that through the latter half of the 20th Century, the UK’s population transitioned into an ageing one. This trend is only projected to increase, with one in four people in the UK set to be 65 and older by 2050.
The UK’s ageing population is seeing more people leave their own home and move into supported living, whether that’s paid for through self-funding or help from their local council.
This has made the care industry attractive to entrepreneurs and investors who wish to enter the market, in addition to existing operators wishing to expand.
However, the Care Quality Commission that regulates the industry in England (CSSIW in Wales and CIS in Scotland), has delivered increased scrutiny on operators in recent times. This has made it challenging for operators to maintain ‘good’ or ‘outstanding’ ratings on their care/nursing homes.
Operating within the care sector brings unique challenges that operators must navigate to be successful. Christie Finance has over 45 years’ experience working with operators in this sector. We can utilise this extensive experience to help you when presenting your funding proposal to finance providers.