Smallholders Insurance from Greenlands

Author Topic: Buying land  (Read 3048 times)


  • Joined Aug 2012
  • Dent
Buying land
« on: November 23, 2012, 04:16:15 pm »
Has anybody got any help/tips on how to go about getting an unsecured loan/mortgage for a block of grazing land for at least 70% of the land value. As we are tenants of our current property the majority of companies I have tried only lend 50% and some only 40%. Surely there must be a company somewhere that can help. Any help would be much appreciated.

Mad Goatwoman of Madeley

  • Joined Sep 2011
  • Telford
Re: Buying land
« Reply #1 on: November 23, 2012, 06:49:00 pm »
Sorry, I have no idea but hope someone does.


  • Joined Aug 2012
  • Clackmannanshire
  • Qui? Moi?
    • ABERDON GUNDOGS for work and show
    • Facebook
Re: Buying land
« Reply #2 on: November 23, 2012, 08:32:21 pm »
I'm afraid I don't know either, but I remember way back in 1968 we wanted to buy our first flat and couldn't get  high enough mortgage - we were given a  lifeline - an insurance policy to cover the difference.   I don't know if that is possible these days
Always have been, always will be, a WYSIWYG - black is black, white is white - no grey in my life! But I'm mellowing in my old age

smiley bucket

  • Joined Mar 2011
Re: Buying land
« Reply #3 on: November 23, 2012, 08:44:28 pm »
I didn't think unsecured loans would be large enough to purchase land these days.
Have you tried AMC or just a presonal loan from your own bank?  Could someone be guarantor, or could the vendor offer a private mortgage?
There was a company sprouted up recently offering farmland finance, it was discussed on British Farming Forum, its name seemed to suggest it was affiliated to the  Nationwide Building Society but it is not, general consensus was avoid avoid avoid!!
Good luck, please let us know how you get on :)
Pay our politicians minimum wage and watch how fast things change.


  • Joined Aug 2012
  • Dent
Re: Buying land
« Reply #4 on: November 24, 2012, 02:03:18 pm »
We tried AMC and a couple of others. Also tried our bank. All with no luck. Best we found was a 60% offer which would leave us short on the deposit front. We basically want to buy the land for £55000 and have £15000 to put down. we could probably get by with a 70% loan. Cannot believe how hard it is to get a mortgage/loan for land and its not helped by me being self employed. Getting any sort of credit is a nightmare as it is. My mother would act as guarantor but is not willing to put her house as security which is understandable. Even then they would only accept a house as security if it is mortgage free, which hers is. Had thought of asking the vendor to offer a private mortgage but not sure if they still do that these days.

smiley bucket

  • Joined Mar 2011
Re: Buying land
« Reply #5 on: November 24, 2012, 11:14:09 pm »
It is really hard getting finance to buy land if you don't own bricks and mortar, or so I have found.  If you can't raise all the money at once would your vendor sell a smaller amount of land and you rent the rest for maybe five years or so to give you time to save, at least that way you'd have a few acres to call your own? I really feel for you, I'd love to buy more land to extend my place but its so difficult :(
Pay our politicians minimum wage and watch how fast things change.


Buying land

Started by moony

Replies: 4
Views: 1873
Last post December 20, 2013, 11:14:12 pm
by moony
Buying land

Started by JEP

Replies: 6
Views: 682
Last post August 13, 2020, 10:53:25 pm
by landroverroy
Advice when buying a place with land?

Started by Small Plot Big Ideas

Replies: 14
Views: 4427
Last post April 05, 2013, 07:50:23 am
by Small Plot Big Ideas
Buying land - costs involved

Started by mariegold

Replies: 4
Views: 1613
Last post November 17, 2017, 06:43:06 pm
by arobwk
Buying a bed.

Started by sabrina

Replies: 15
Views: 5045
Last post July 26, 2011, 06:44:10 pm
by doganjo

Forum sponsors

FibreHut Energy Helpline Thomson & Morgan Time for Paws Scottish Smallholder & Grower Festival Ark Farm Livestock Movement Service

© The Accidental Smallholder Ltd 2003-2021. All rights reserved.

Design by Furness Internet

Site developed by Champion IS