AMC recommendations?

Nigel Wellings

Member
Have never been particularly impressed with AMC. My experience with them has been that they will not take non- farming income into account for repayment of loan even when the non farm income had a very good history. Plenty of other friends that speak well of them.
 

midlandslad

Member
Location
Midlands
Have never been particularly impressed with AMC. My experience with them has been that they will not take non- farming income into account for repayment of loan even when the non farm income had a very good history. Plenty of other friends that speak well of them.

They will definitely take into account non-farming income, but in this case would require the loan to be repaid by the time the youngest borrower reaches 75.
 

haybob

Member
Livestock Farmer
I would recommend a internet banking loan if it's a small amount. Save yourself hours making business plans. It can be easy to get a loan if you have internet banking set up
 

Old Tup

Member
A good agri accountant should have his finger on the pulse in the lending market.
Banks AMC etc seem to go through spells of enthusiasm or non enthusiasm for different types of lending.
Also an accountant will have been involved with other parties previously and should know if you are getting a competitive deal or not.
The individual will perhaps deal with this once or twice in a lifetime….the accountant probably much more often on behalf of other clients.
 
Thats twice recently you’ve mentioned them. They seem second rate at best, from what I’ve read on their website and I wouldn’t touch them with a barge pole.

What’s your relationship/ interest? I presume you’re an investor with them?
they lend out real money with the interest earnings generally being spent in the local economy as opposed to the banksters creating money out of nothing and sucking over £200billion/yr in interest out of the economy or working out at over £800k a day per mp or constituency
 

Highland Mule

Member
Livestock Farmer
they lend out real money with the interest earnings generally being spent in the local economy as opposed to the banksters creating money out of nothing and sucking over £200billion/yr in interest out of the economy or working out at over £800k a day per mp or constituency

Interesting non-sequitur, but not really true is it? They suck money out of sub-prime borrowers and give it to wealthy private individuals who can use the “peer to peer” name to salve their conscience.

6.5% plus costs is probably twice the going rate.

I’m guessing you have a vested interest in promoting them, given your reluctance to answer before.
 

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