Equestrian Centre Refinance to Fund Arena Upgrade in Yorkshire
£890,000 · 15 years · 6.25% fixed 5 yrs. A Yorkshire equestrian centre offering livery, lessons, competition hire, and cross-country courses needed to refinance its existing agricultural mortgage - which had never properly reflected the equestrian use -.
The Client
Yorkshire equestrian centre offering livery, lessons and competition hire
The Challenge
A Yorkshire equestrian centre offering livery, lessons, competition hire, and cross-country courses needed to refinance its existing agricultural mortgage - which had never properly reflected the equestrian use - and simultaneously fund a major indoor arena upgrade including a new surface and lighting system. The combined requirement was £890,000.
Our Solution
Doulton refinanced the existing mortgage under a specialist equestrian product that correctly valued the business on its equestrian use rather than pure agricultural value - a material difference in this case. The arena upgrade was funded within the same facility, drawdown on confirmation of contractor appointment.
The Outcome
Refinance completed at a materially improved rate versus the existing agricultural mortgage. Arena upgrade completed. The improved surface and LED lighting system extended usable hours year-round, adding £42,000 of additional annual revenue. Key highlights: Equestrian valuation materially above agricultural - correct product; Arena upgrade funded within same facility - single process; £42k additional annual revenue from extended usable hours.