Renting to ownership – could it be the right move for you?
No matter what the mission or size of your charity or social enterprise, renting can often feel like a drain on your resources. While taking out a loan to purchase a property may seem daunting, it can sometimes make the most financial sense.
Moving from renting to purchasing a property can:
• Save costs;
• Offer long-term security;
• Help attract more funding;
• Become an investment in your future;
• Allow you to dream bigger.
Move from renting to ownership
Charity Bank has a long history of supporting charities and social enterprises move from renting to property ownership.
We make loans from £50,000 up to £10m+ (larger loans delivered in partnership with other lenders).
Our team of experienced social sector regional managers are on hand to discuss your enquiry, providing you with support at every step of your application.
To find out more or to make an initial enquiry contact us below or call us on 01732 441919.
"We now have confidence that we can continue with our core work, knowing we have the additional security of a major asset that should appreciate in value as well as lower annual outgoings as our loan payments are much lower than the rent we were paying."
David Holmes CBE, Chief Executive of Family Action