What is it?

Professional practice mortgages are designed for more specialist professions, such as solicitors or architects. These are loans taken out against a commercial property and can be used for a range of business purposes. This type of finance is ideal for the purchase and/or refurbishment of commercial premises, and is also a great option for practices looking to fund investments and the general management of finances.

Benefits

Professional practices often have specific and sometimes unusual funding requirements. This can make sourcing finance difficult. Professional practice mortgages can be used to fund a range of business investments and can be tailored to suit your needs. Whether it’s a short-term loan or a long-term finance plan, we can help find the best solution to your funding needs.

Who is it for?

Our typical clients for this type of finance include architects, solicitors, accountants, engineers, design studios, business consultants and financial advisors, to name a few. Our lending partners also specialise in finance for various healthcare practices, including dentists, doctor surgeries, vets, care homes and chiropractors.

If your business isn’t listed above, you could still be eligible.

Alternatively our Trading Business Finance may be a more suitable option. Our access to a wide range of specialist sources of finance means we are usually able to obtain finance for most professional practices, so no matter how niche you are, we can help.

Top Tips

1.

Ensure you have a solid business plan and a clear cash-flow forecast to support your application

2.

Be prepared to provide recent bank statements, annual audits and other financial information for lenders to analyse your case

3.

You will need to demonstrate your experience in the sector and your reasons for the investment

Ideal for a range of professional practice funding requirements including healthcare