The Agricultural Mortgage Corporation is very often considered to be a lender into Agriculture and Farming only. However this has altered as the rural economy has changed and not only do they now lend to farming enterprises but they also supported all types of diversification projects such as Rrgenerative energy investments, holiday lets and residential or commercial investment property.
Bruton Knowles have been AMC Agents for over 60 years dealing with applications for farmers and rural property owners.
Mortgages are generally available for land purchase, debt rescheduling, working capital, partnership dissolution and capital investment and can be for as long as 30 years both on variable or fixed rates subject to security and serviceability. They can also be on an interest only basis.
AMC also can lend on a flexible basis for up to 5 years as an alternative to overdraft facilities and also can provide HP on machinery.
The benefits of an AMC mortgage are that the applicant can choose the length, the payment dates and the rates are competitive. There is the ability for family loans which can pass down the generations and once set up, loans are lend and leave, without annual review and are not subject to checking during the period of the loan.