farms & argricultural
Commercial mortgages on farm and agricultural land have become increasingly popular in recent years as farmers have been forced to diversify in order to survive. Nowadays, fewer farming families rely solely on traditional forms of farm income, with 25% of English farms having a non agricultural income so the difference between the residential and farm mortgage market is blurring.
Because interest rates tend to be lower for home mortgages than for commercial mortgages, some farmers are able to borrow on the value of their house as a residence rather than as part of the overall value of the farm.
Commercial mortgages for farms and agriculture land can provide flexible, medium to long term options aimed at helping full and part-time farmers finance capital assets or improve the economic viability of an existing farm operation.
