My sheep have lost me my mortgage!

som farmer

Livestock Farmer
no, thank goodness, though l wouldn't have minded the business, it was a real earner, and basically got closed because of faceless people, in front of a computer screen.
With a rapidly changing world, all insurers/banks/finance businesses, will become increasingly risk aversion, and raise interest rates, citing 'BOE has doubled interest base rates, so unfortunately we have no option but to raise ours'. Inflation is a double edged sword, while it reduces the value of our borrowings, it also reduces the money they receive back.


Livestock Farmer
When I tried to get a mortgage on the farm I tried to get it through Nationwide building society who I already had a mortgage with , explained to them I was selling my property to buy a farm...No way we can't do that, went to AMC no problems , sold my property paid off original mortgage with Nationwide...why are you paying it off? Explained to them what I'd done, why didn't you remortgage through us? Because you don't lend on farms ! Yes we do it's just a different department!!!!?


Livestock Farmer
Is a mortgage better than a bank loan or just easier to get? I survived on a bank loan for years before I became rich.
It's very difficult to borrow money to buy fields or do self builds. I do recall speaking to the agricultural side of my bank barclays, but there was some kind of issue...


Livestock Farmer
Well the AMC have been very helpful so far. They just about recognize my 40 ewes as a business so I can put in an application (My full time job is essential). I have a meeting with their local rep soon. Sounds like a 1.5% setup fee which includes the valuation. Hopefully I wont be tied to stage release as you do with self build mortgages. Rates look like 4.5% which is a bit painful long-term....but it will be exactly what my self build rate was anyway. Has anyone else secured better rates through AMC??? It would be nice to stay with them in the future but its a big difference to residential types hey!!

Make Tax Digital Software Poll

  • Quickbooks

    Votes: 33 16.5%
  • Sage

    Votes: 20 10.0%
  • Xero

    Votes: 93 46.5%
  • Other

    Votes: 54 27.0%

Man fined £300 for bonfire-related waste offences

  • 202
  • 0
Written by William Kellett from Agriland

A man has pleaded guilty at Newtownards Magistrates’ Court to waste offences relating to a bonfire next to the electrical sub-station on the Circular Road in Newtownards, Co. Down.

Gareth Gill (51) of Abbot’s Walk, Newtownards pleaded guilty to two charges under the Waste and Contaminated Land (Northern Ireland) Order 1997, for which he was fined £150 each and ordered to pay a £15 offender’s levy

On June 25, 2018, PSNI officers went to Gill’s yard, where they found a large amount of waste consisting of scrap wood, pallets, carpet and underlay.

Discussion with Northern Ireland Environment Agency (NIEA) officers confirmed the site...