If you are a gambling man you could get that money on a variable rate at 2.5%. Makes your payments per acre half what you say and you have a good house in the deal as well. Show the banks a strong set of accounts and a good sensible budget and at least one will back you. Remember it could be worth 4 million in ten years time and even if it's not the likes of AMC won't bother you unless you can't keep up the payments. He who dares wins!If you take the smallest one 477 acres 2.5m. Pay interest only at 5% that's 125k per year.£262 per acre. I'm going to stop there!
I’ve been to Kendal , nice place , but still busyWhat you mean like Cumbria?
N.Cumbria is quieter but getting busier, Kendal is the entrance from the south to the lakes.I’ve been to Kendal , nice place , but still busy
Is this not political I read somewhere that Scottish government has just been handed control of the Crown Estate in Scotland but no money was allocated to run it so they are having to sell a farm to get immediate working capital. Presumably future rents will come their way to provide working capital. So another farm lost to the tenanted sector.https://search.savills.com/property-detail/gbfbrufhl180005
One not far from me for sale, it was crown estate, not like them to sell a farm, right in the middle of fochabers estate too. Must be hard up.
Some tidy sowing there!https://search.savills.com/property-detail/gbfbrufhl180005
One not far from me for sale, it was crown estate, not like them to sell a farm, right in the middle of fochabers estate too. Must be hard up.
excellent looking land no veg or milk contracts to help pay it up though what are the malting marley and wheat yields like there?
there a 500 acre stock farm come on recently unfortunately the steading wasnt up to scratch im considering buying a farm with big cattle courts on interest onlyNot looked, which ones are they?
You not going to expand your empire this direction?
Aren't we all.there a 500 acre stock farm come on recently unfortunately the steading wasnt up to scratch im considering buying a farm with big cattle courts on interest only
ive never bought land on interest only but rates are low just nowAren't we all.
Considering it.
Not saying your wrong in any way but what would be the fall back position if subs go and land values fall?ive never bought land on interest only but rates are low just now
this of course is the risk which will have to be weighed upNot saying your wrong in any way but what would be the fall back position if subs go and land values fall?
Can't sell onto a falling market unless you fancy paying off the difference as a lesson learned.
Subs go, total income falls , making payments harder or just take the view that one way or another it will get paid.
Ballcocks, house and buildings are easy to build, if your buying a 500 acre spot putting sheds up is chicken feed compared to the land!!!there a 500 acre stock farm come on recently unfortunately the steading wasnt up to scratch im considering buying a farm with big cattle courts on interest only
Rubbish, when you by a farm the buildings come for virtually nothing compared to what it cost to build them.Ballcocks, house and buildings are easy to build, if your buying a 500 acre spot putting sheds up is chicken feed compared to the land!!!
Maybe but when buying a farm the 3 L's should be considered before bricks and mortar. Location,land and layout. Everything else can be altered or builtRubbish, when you by a farm the buildings come for virtually nothing compared to what it cost to build them.