Hobbs Parker - Applying for an AMC Loan

Applying for an AMC Loan

A Simple Guide to secure lending.

In order to apply for agricultural commercial finance the AMC will generally require:
- Completed Application Form including financial statement
- Financial Accounts for last 3 years
- Two year Budget if major business changes are planned
- Plan of proposed security from Ordnance Survey maps
Before completing the form Hobbs Parker can discuss the application with you over the telephone if your farm is out of the area or we can visit you at the farm or welcome you at Hobbs Parker's office at Ashford Market.

The AMC Loan Process

Application form completed by you or Hobbs Parker Property Consultants LLP as AMC's Agent and mailed to AMC with financial information
- Offer sent to you
- Your acceptance of our offer and valuation arranged by AMC
- Legal charging of property and funds paid to your bank account

Four Decisions to Consider when Applying for a Loan

- Term of Loan: 5 - 40 years
- Method: Annuity or Interest Only
- Rate: Fixed or Variable
- Security to be charged

Reasons to borrow from AMC

- Rates are highly competitive, no annual reviews
- Hobbs Parker Property Consultants LLP as AMC's Agent have specialist local knowledge
- Experienced staff at AMC
- Loans are uncallable under normal circumstances and can pass from generation to generation
- Loans available for corporates and trusts
- AMC are agricultural specialists with over 70 years experience we are committed to agriculture and the countryside

We hope that the above information has been helpful to you and your business advisers. Whether you are an existing AMC borrower or new customer, we hope to speak to you shortly as AMC Agents to assist you with your farming plans.