- Arable Equipment and Machinery – Tractors, Tillers, Rollers, Ploughs and Harrows.
- Soil cultivation machinery – Cultivators and Ploughs.
- Planting machinery – Broadcast Seeder and Reapers.
- Balers & other Baling Equipment.
- Animal Feed – Loans to purchase feed for Cattle, Sheep, Poultry, Pigs and other Livestock.
- Cattle Equipment – Beef and Cattle Housing and Cow Feed.
- Loader Equipment – Trailers, Trucks, Conveyor Belts and Telehandlers.
- Fertilising equipment and spreaders – Manure spreaders, Muck spreaders and Silage.
- Harvesters and sorting equipment – Harvesters, Combine Harvesters.
- Dairy machinery – Milking equipment, Dairy feed, Dairy Cattle, Housing and Sheds.
- Grain and feed stores – Grain Sheds, Dryers, Bulk Sheds, Crop Store and Silos.
Richmond Asset Finances knowledge and understanding of the market has enabled us to help farmers with the ever changing challenges they face. This has enabled us to always offer the best deals that are around.
With all the experience we have you know you’re in safe hands. Whether that’s been for a new tractor, plough or baler or for grain dryers, silos or cow sheds Richmond Asset Finance knows exactly what farmers face and can help them with both the expected and unexpected costs.
Farmers have been getting squeezed over the years often experiencing lower margins on their produce.
Whereas, the cost of operating a farm requires cash injections for a variety of reasons, such as, allowing farmers to replace machinery, invest in new efficient energy power, build new stores, purchase cattle etc.
For most farmers, accessing finance through traditional lenders such as banks is becoming more difficult and time consuming.
Using a specialist agriculture finance broker such as Richmond Asset Finance, can offer farmers preferential rates and flexible arrangements – and often much quicker.
As farmers, your specialty more likely to be nurturing your animals, growing crops and harvesting to provide for the nation.
It’s unlikely to be in finance. We have answered some of the common questions we get asked:
There are a range of finance options available depending on what you need the finance for. It is best to speak to an experienced broker as they recommend an option which offers lower rates and lower repayments. Here are six to consider:
- Asset finance – hire purchase or leasing options
- Agricultural loans
- Refinancing to release equity tied up in your existing machinery
- Agricultural mortgages and bridging loans for farm and land purchases
- Diversification finance
- Renewable / green energy project finance
Richmond Asset Finance are one of the UK’s leading brokers of farm finance for farmers in the north west including Yorkshire and Manchester.
We know that running a farm and looking at ways to minimise costs and increase your profits is not an easy task.
That is why UK farmers trust us to get them the best finance deal we can. Many farmers who we help have become repeat customers and friends.
They rely on us to arrange finance or loans for a range of agricultural assets – everything from chicken pullets, tractor finance to agricultural mortgages.
We can source great deals on almost every type of farm finance.
Farm Machinery Finance
Finance can be arranged for new or second hand farm machinery with no age limit*.
Whether you are looking to use hire purchase, lease or lease back agreements, we can advise you on the best options to secure the machinery you want.
Finance for machinery includes, but not limited to:
- Combine Harvesters
- Drilling & Planting Machinery
- Cultivation Machinery
- Grass Land Machinery
Commercial Bridging Loans for Farms from Richmond Asset Finance
As a lender that specialises in providing fast, non-status farm finance and farmland loans, including Commercial Bridging Loans, Richmond Asset Finance can help you develop your agricultural business.
Agricultural financing is available for the purchase of land, while dedicated farm development facilities are available to provide loans and finance for barn conversions, new build developments and refurbishment projects. Richmond Asset Finance can help with your Commercial Bridging Loans.
Short-term farm and land loans are available to farmers and landowners for any business purpose, provided that you have suitable property (buildings or land) to offer as security (1st or 2nd charge) and a credible plan to repay the loan.
Surveyors are being extremely cautious
Even where a valuation can be done, surveyors are being very cautious. Whilst they will be producing the usual figures for an open market valuation, 30 day, 90 day and 180 day sale, they may also add a revised figure to allow for the likelihood that prices will fall after the pandemic is over. Some surveyors have even taken to writing, ‘this valuation cannot be relied upon’, on their reports. This makes the report worthless to many bridging lenders, who aren’t prepared to lend on the basis of this type of valuation.
Social distancing causing problems with witnessing legal documents
There are currently problems with getting legal documents witnessed by a solicitor as most are now working from home and not seeing clients face to face.
Staffing shortages are affecting lenders too
Lenders have also been impacted by the requirement for staff to work from home wherever possible and have had to set up systems to allow staff to work remotely.
Staffing numbers have been hit by those needing to self-isolate, which has affected lenders’ abilities to deal with new cases.