Loan secured for phase two of building project on organic pig...

In summer 2019, Carter Jonas were instructed by AMC (Agricultural Mortgage Corporation) to visit an organic pig farm and apple pressing facility near Princes Risborough. Having secured planning permission for a new dwelling at the farm, the owners were looking to re-package an existing mortgage and for a new loan facility enabling them to build phase one of their new home.

Mark Charter: Partner and Head of Carter Jonas Oxford

Towards the end of last year we highlighted the mixed nature of Oxfordshire’s housing market; overall annual house price growth contrasted with a decline in transaction volumes. Whilst this trend has continued into the first few months of this year, not helped perhaps by an unseasonably cold March, the onset of spring has already started to provide an added momentum that the region’s market needs.