Getting a mortgage that allows you to buy a freehold or leasehold pub involves a number of different steps to those required to finance a house purchase.
Whilst many Banks will consider your application for funding directly, a better option may be to consider contacting a specialist broker. You should ensure they are an accredited member of the National Association of Commercial Financial Brokers. (NACFB) and are experienced in the Licensed Trade.
Experienced Brokers will have access to deals being offered by both the High Street Banks and by Specialist Lenders and can advise you on the best course of action dependent on your personal circumstances and the business prospects of the pub you are looking to buy.
Fleurets have identified some of the leading Specialist Brokers in this respect to advise and assist you with your financial arrangements. To find out more and to register for a free and confidential assessment please visit our finance page.
If you are considering a new career in the pub trade please do not hesitate to contact Fleurets as we can provide advice and expertise on a whole range of topics, including finance options, relating to the purchase of your first business and with a national network of offices can ensure that you are kept up to date with all of the latest developments in your local area.