100% Funding Now Available to Buy a Dental Practice
As a major bank announces 100% funding for dental practice finance, the landscape is changing - practice ownership is more accessible, secure, and competitive than ever before.
For many aspiring dental practice owners, the dream of ownership can be limited by the need for a significant deposit or personal asset security. With 100% funding now available for dental practice finance, the landscape is changing – making practice ownership more accessible, secure, and competitive than ever before.
Our Financial Consultant Zoe Forde explains the potential benefits of 100% funding if you’re an Associate considering buying your first dental practice…
100% funding enables you to protect your personal assets
100% lending provides the freedom to invest in the practice which perhaps would not have been achievable. Some buyers may have strong cash reserves yet prefer 100% lending to preserve their liquidity and maintain financial flexibility. The great news is that 100% finance options are often available and, in many cases, do not require security against personal property.
“Lloyds has reaffirmed its commitment to supporting clients in a competitive market with ongoing reviews of its credit policies. Following valuable feedback from the broker network, the NACFB Patron’s business development team has introduced key enhancements to Lloyds’ dental lending policy. The updates include an extended goodwill lending term of up to 20 years, improving affordability and flexibility for borrowers. LTV ratios have also been increased to 100% for single practices, up to 90% for two to four practices, and case-dependent terms for five or more practices, subject to overall proposition strength.” Lloyds, Press Release
Lower deposit requirements enable you to step into ownership sooner
Many clinicians struggle to accumulate large savings due to years of investment in education and training. Traditional deposit requirements have long been a barrier to ownership, so full lending removes this obstacle, enabling you to step into ownership earlier.
Acting quickly in a fast-moving market as a first-time buyer
With practice prices rising and competition intensifying, agility is everything. 100% funding allows you to act decisively when the right practice becomes available particularly in competitive sales where speed and certainty are crucial.
With a major lender now offering 100% lending and lower loan-to-value ratios, it’s a clear sign the dental sector remains a stable and low-risk sector, with predictable income streams and strong historical repayment performance. The banks are currently competing with one another on policy as they are all keen to lend in the healthcare sector – specifically dental. This means it’s a great time to buy.
Key reasons to consider buying now:
- 100% lending for first time purchasers
- Longer terms of up to 20 years on Goodwill
- Zero-fee lending options are available through select banks
- Rates as low as 1.45% above Bank of England base rate
- Health care lenders more competitive than ever
Ready to see what you can borrow?
For more information about funding your practice purchase, or to refinance your existing loan, chat to our practice finance team on 01332 609 318 or book a confidential online consultation by clicking the below.
