Each week we bring you a step by step guide to setting up and completing a commercial loan

This week it's step 7:

The lay of the land

Whether In previous years it may have been difficult to obtain finance for both the purchase of land or alternatively, using land as security against a commercial loan.

Strict criteria from high street banks along with the timely process, has led to the misconception that commercial finance for land is complex and difficult to obtain.

Proactive lenders however, will consider finance for almost all types of site, from farmland through to industrial brownfield plots, for agricultural purposes and with or without planning permission, all with a variety of repayment options.  Specialist lenders are also a lot more flexible in that they can allow you to use land as security against a commercial loan.

Having this type of commercial finance available in your portfolio will allow brokers the opportunity to expand their client base and offer key solutions to their clients.