Tied Houses Tenanted - Managed by the publican on a self emnployed basis with the brewery responsible for maintenance and refurbishment. Tenancies are often for a 3 year term, albeit longer up to 20 years have been seen.
Tied Houses Managed - Managed by an employee of the brewery which absorbs all the costs.
Independent Free House - Owned and managed by someone other than brewery and therefore free to have drinks supplied by any brewery.
The commercial mortgage applicant should have an experienced business acumen in the licensed trade. Contribution is normally around 30%, although this will increase to around 40-50% if there is a lack of experience or the applicant hasn't attended a brewery management course. Period of Repayment is normally up to 15 years.
