Health, social care and veterinary finance

Highly competitive commercial mortgage terms remain available across health, social care and veterinary services, able to borrow 100% in various scenarios. Each specific sector has differing criteria and it takes knowledge and a specialist understanding of this criteria which allows Omega to work with lenders to deliver these highly competitive terms.

As a professional commercial broker, the Omega team will ensure we factor in all details of lender policy across these professions in determining and sourcing finance to meet our clients’ funding requirements.

Here is a guide to the potential terms and criteria we can secure for customers, our partners, IFAs and brokers across our broad range of commercial lenders. All cases will be assessed individually and be subject to full review and due diligence as we look beyond the numbers in the accounts to understand our clients and their businesses;

There is a varied approach to assessing terms available across health and social care and it’s important to take advice on the most suitable option available.

GP’s

100% LTV against premises

For more information on mortgages for GPs, click here.

Specialist Care and Supported Living

70% Loan against going concern valuation or 120% against vacant possession property value.

Elderly Care

70% Loan against going concern valuation or 100% against vacant possession property value.

Pharmacy

Terms available up to 100% of Operating or Business Valuation, additional business debt can be arranged through other avenues.

Dental

Whether growing a practice or buying into an existing dental practice, we have access to several commercial mortgage solutions that will meet your needs.

• 100% LTV against freehold VP value
• 80% LTV against goodwill

Vets

• 100% LTV against freehold VP value
• 90% LTV against going concern value with a clear understanding of goodwill element

Opticians

• 65% LTV on trade-related valuation

Day Nurseries

The terms that can be offered for childcare facilities will consider the number of sites and the Ofsted rating.

• 70% LTV against going concern valuation
• 100% LTV against vacant possession property value

Whilst we can often quote on the first call or in response to the initial email with outline terms available, in order to allow a member of the team to fully appraise an enquiry, it is very useful to have the following information available:

• Latest accounts
• Expected Property Value and any indication of going concern value
• Required Loan amount
• Proposed use of funds (i.e. purchase, remortgage)
• Indication of client experience or summary of their CV
• CQC Reports for the last three years (these can be provided at a later stage)