Care Home Finance

Finance your care home

Financing new equipment or developing a care home is a heavy financial cost. Factors including your experience, knowledge of the industry and finances will be checked.

We understand that growing and improving the services of your care home is an aspiration for many operating in the sector.

We can arrange finance for those looking to upgrade, develop or fund assets for their care home practice.

What is care home finance?

For those looking to set up or expand a care home, our tailored financial solutions provide your business with the required capital to make those developments, whilst also managing your cash flow to make day-to-day operations stable.

To fund a care home, solutions including commercial mortgages and property development finance can be great options. For assets for the care home, hire purchase agreements and asset refinancing are ideal solutions.

Our healthcare division specialises in providing financing options in this sector across the UK.

What types of care home finance is available?

Commercial mortgages: Buying a business property upfront can be costly for many businesses, but a commercial mortgage makes it more financially manageable when taking the first step in buying your own care home. Generally, you'll need a deposit of about 25% of the property's value, followed by monthly mortgage repayments.

Property development finance: Property development finance helps developers secure funding when needed. It’s an ideal option for care home owners looking to expand or relocate. This type of financing includes bridging loans, mezzanine finance, and joint debt and equity, enabling development to begin even without the required capital upfront.

Hire Purchase: Hire purchase agreements are usually agreed for between five and six years. At the start, you make a deposit, followed by a series of fixed monthly payments. Once the final payment is made, your business will fully own the asset.

Is care home finance right for your business?

Whether you are expanding your care home or buying an asset, purchasing these outright subjects your business to a large amount of capital to be paid upfront. Thanks to finance options available, this allows businesses to use the intended asset for their business over a longer period.

With a flexible schedule and the knowledge of how much needs to be paid each month means managing the financing for your care home can be completed hassle-free.

Applying for care home finance

MAF Finance Group work with a selection of funders to deliver your business tailored financial solutions.

If you are interested in getting a quote or want to learn more, simply fill out our form and we will get back to you shortly.  If you would like to speak to us directly, you can call on 0115 958 6872 and a member of our team will be happy to speak to you. Alternatively, you can email us at [email protected].