Leisure
Leisure
The leisure sector covers a number business premises purchases including hotels, guest houses, public houses, nightclubs, golf clubs, restaurants and many more. It is important to consider that the some parts of the leisure sector are viewed by many financial institutions as high risk lending opportunities, limiting the funding options in many cases.
Borrowers wishing to purchase a leisure premises can expect to pay 3% + over the Bank Base Rate at a loan to property value up to maximum of between 70% (higher for profitable existing businesses and perhaps with additional security)
Experience in your chosen leisure sector is essential, as is a detailed business proposal and indication of expected fiscal returns.
From small bistros to owners of multi outlet our customers can be confident that we understand the sector in which you operate and will help present a strong funding proposal and negotiate competitive funding..
The maximum term of a leisure business mortgage will tend to be 30 years.