upnortheast
Member
- Location
- Northumberland
Thought that was a strict no . Have to declare conflict of interest.
AMC recommendations?
- Thread starter Juggler
- Start date
Exfarmer
Member
- Location
- Bury St Edmunds
I have certainly known some rum agents
Well, my preffered AMC Agent was acting for the Sellers of the land and advised me they could not assist, so I had to go further afield
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
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.
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.
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.
smallholder99
Member
folk2folk peer to peer seem to be lending a lot to agri
- Location
- Montgomeryshire
Are they not at criminally high rates though? Typically 6.5% on secured loans of over £100k.
Unsecured overdrafts are generally cheaper than that.lazy farmer
Member
- Location
- som/dor border
Last time enquired each over payment came with a £50 charge.
- Location
- Scottish Highlands
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?
What are margin rates on long term loans currently?
smallholder99
Member
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
- Location
- Scottish Highlands
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.