Specialist property lender Together has supported the purchase of Powys pub, Nantyffin Cider Mill.
Christopher Skinner and his wife, who have run the Nantyffin Cider Mill since 2015, took over as owners of the Grade II-listed pub, having received a six-figure commercial mortgage from Together.
Their broker, Brad Britch of Sedulo Group, approached Together, which was able to assess the future income from the business.
Skinner said: “We spoke to Brad, and he pointed us in the direction of Together.
“Our entire experience of both has been faultless; they were able to help us in a situation which our usual lender wouldn’t and provided the funds at an incredible speed.
“You hear stories of lenders taking a full year to provide funds, which would of course have ruined our chances of purchasing The Nantyffin.
“Together were able to complete the process in just a few months, and we are now the proud owners of the inn.”
Jamie Grimshaw, business development manager (BDM) at Together, said: “We are delighted to have helped Christopher and his wife in the purchase of this pub.
“After looking at their situation, we had every confidence they would be able to run a successful business.
“Hospitality took a big hit during COVID. We lost many pubs and restaurants through a difficult time, and so seeing more acquisitions of this kind is encouraging.”
He continued: “This is the perfect example of how at Together we are able to take a flexible, bespoke approach to cases; and help our clients achieve their property ambitions.”
Brad Britch of Sedulo, concluded: “It was an absolute pleasure to help Christopher and his partner in achieving their ambitions of owning this fantastic pub.
“At Sedulo, we see this type of thing all the time where existing banks are not willing to have common sense decision making, leaving clients disappointed.
“Thankfully there are lenders in the market like Together where they will take a more flexible approach to lending.”
