•Indication of approximate affordability or practice size - We analyse your assets & liabilities to provide you with a theoretical budget to use when shopping for practices.
•Practice loan stress testing – We can assess practices for you, to not only check they are affordable or viable, but find out what buying this practice would mean for you personally. We’ll give you an idea of the deposit required, the potential drawings after loan repayments, and the level of clinical work you would need to carry out at the practice to maintain your earnings.
•Tailored bank proposal - Once your offer is accepted, we’ll tailor a lending proposal for the banks to ensure you get the most competitive terms. In our experience approaching the lenders via a broker will offer you the best chance of securing the best possible interest rates available as we have daily insight on the terms being offered by different banks from different relationship managers. Further, banks know that if they are getting the deal from DE Finance, they always have competition!
•Managing the transaction – We will work with the lender to make sure they have everything they need in order to provide the funds. We act as a lynchpin between yourselves, the bank and your solicitor to keep the transaction on track.