With coronavirus still devastating the economy and the future looking uncertain post Brexit, farmers and land managers should take stock of their businesses and consider re-financing as a means of reducing costs.
Interest rates remain low and switching to longer term borrowings at a competitive rate could reduce outgoings during this challenging economic climate.
“Opting for a long term AMC loan could ease your cash flow and might well suit your needs if you are buying more land or investing in buildings or off-farm business assets,” said local AMC agent Sarah Reece, a partner with Hereford property, business and planning specialists Berrys.
“AMC offers long term fixed or variable rates with terms of up to 30 years, regardless of what happens in the broader economy, and provided you meet your commitments, loans are uncallable, securing your farm for future generations.”
Contact the Hereford office of Berrys on 01432 809830 or email Sarah at [email protected]