Practice Premises Finance & Commercial Mortgages
Own the building
you practise from.
Buying the freehold, relocating or extending the practice premises. We search the market for commercial mortgages and property finance suited to professional practices.
- Confidential, no-obligation discussion
- Whole of market access
- We are a broker, not a lender
“Finance that appeared unattainable was sorted within a short period of time.”
- Lender searchWhole of marketNot tied to any one lender
- Instant QuotesNo credit searchSee indicative quotes first
- Who we helpProfessional practicesSole traders, partnerships, LLPs and companies
- Our roleSpecialist brokerWe approach suitable lenders for you
Quick answer
How do you finance practice premises?
Practice premises are usually financed with a commercial mortgage or property finance, whether you are buying the freehold, relocating, extending the surgery or refinancing existing premises. Lenders look at the property and at the practice’s income. We search the market for commercial mortgages and property finance suited to professional practices.
The pressure
Premises shape the practice.
For many practices, the building is part of the business: a surgery, a veterinary hospital, a pharmacy, a funeral home with its chapel. Owning it can bring security of tenure and control over how the practice grows.
Premises finance also often forms part of a wider transaction, such as an acquisition, a partner buy-in or an expansion, so it needs to be structured with the rest of the deal in mind.
What can be financed
What it can cover.
“From our first conversation to everything being completed took around 7 days, and they kept us informed throughout.”
- 01 Freehold purchases Buying the building you practise from.
- 02 Relocation Moving to larger or better-placed premises.
- 03 Extensions Adding rooms, surgeries or services.
- 04 Premises within an acquisition Buying the property with the practice.
- 05 Refinancing practice premises Restructuring an existing commercial mortgage.
Property finance can involve other regulated-credit or mortgage rules depending on the structure and security. We’ll tell you at the outset if any apply.
How it’s often structured
Structured around the practice.
Usually a commercial mortgage secured on the property, with the amount a lender will offer depending on the valuation, the practice’s income and the buyer’s deposit. Owner-occupied practice premises are assessed largely on the strength of the practice trading from them.
Some practices hold the property separately from the practice, for example in a property company or a pension scheme, and rent it to the practice. That can affect how the finance is structured and which lenders are suitable, and it is a decision to take with your accountant.
Where premises are part of an acquisition, the mortgage is usually arranged alongside the goodwill funding so both complete together.
How we help
Not one lender. The right one.
We don't offer a single product. We look at what you're trying to fund, how your firm earns and spends, and which lenders in the market are most likely to support it. Then we prepare the case, approach suitable lenders and manage the process through to completion.
- Whole of market accessHigh street banks, specialist and private lenders.
- Specialist understandingLenders who understand how practices earn and grow.
- Your case, properly presentedStructured and put to lenders suited to it.
- With you to completionFrom the first conversation to funds arriving.
What lenders will want to see
What lenders will look at.
- A valuation of the property and, for purchases, the agreed price
- The practice’s accounts and its ability to service the mortgage
- Your deposit or equity in the property
- The title, and for relocation or extension, planning and building costs
- Any existing mortgage being refinanced
Who this is for
Questions
What firms usually ask.
Can I get a commercial mortgage for my surgery premises?
Yes. Dental, GP and veterinary practices commonly use commercial mortgages to buy, extend or refinance their surgery premises. Lenders look at the property, the practice’s income and your experience. We search the market for lenders who understand professional practice premises and manage the process through to completion. For GP surgeries, the NHS premises costs directions set out how rent reimbursement works.
Should my practice buy its freehold or keep renting?
It depends on the practice. Owning the building can bring security of tenure and control over how you grow, but it ties up capital and brings property costs. Many dental, veterinary, pharmacy and funeral practices weigh this at acquisition or lease renewal. We can explain what lenders are likely to support.
Can premises be bought at the same time as the practice?
Often, yes. Premises finance frequently forms part of a wider acquisition, with a commercial mortgage for the property and a separate loan for goodwill and equipment. Structuring them together helps make sure the whole deal fits the practice’s income, rather than arranging each part in isolation.
Can I get finance to relocate or extend my practice?
Yes. Finance can help practices move to larger or better-placed premises, or add surgeries, consult rooms or services to their existing building. Lenders will look at the project, the practice’s income and any fit-out costs. We help structure the property finance alongside the rest of the plan.
Are practice premises mortgages regulated?
It depends on the structure, who is borrowing and the security involved. Some property finance falls under regulated-credit or mortgage rules, and some doesn’t. We’ll look at your situation and tell you at the outset if any regulation applies.
Success stories
Premises & Property in practice.
In our clients’ words
“Simon was a pleasure to deal with and helped us find a business loan that matched our growth goals and future expansion plans.”
Knowledge Hub
Read the guides.
Buying a Professional Practice: Every Cost You Need to Fund
A cross-profession checklist of what you need to fund when buying a law, accountancy, vet, pharmacy, optician, funeral, medical or architects’ practice, and the order to arrange it in.
Read the guide →Buying a Dental Practice: A Finance Guide for Buyers
A practical guide to funding a dental practice purchase: how the NHS and private income mix affects lenders, the approvals involved, and the order to put the finance together.
Read the guide →What Lenders Look For in a Practice Finance Application, and How to Prepare
A practical guide to the documents, numbers and narrative lenders expect from professional practices, the common reasons applications stall, and how a broker presents the case.
Read the guide →Let's talk
Thinking about the freehold?
Talk it through with a specialist.
Before you approach a lender, speak to someone who understands the transaction. Confidential, no-obligation initial discussion.
