I want to buy a house with a venue/B&B attached. I have a business plan to support the venture. Up to what % of the purchase £ can I borrow?

Asked by eleanorhousehold

1 Answer

Log in or sign up with email
By submitting you agree to our Terms of Service
Answered by Graham Cooper, IFA in Brighton, EAST_SUSSEX
Hi

There is no simple answer to your question will depend on:
1. The Properties valuation residential
2. The Properties valuation B&B / venue part
3. Your B&B / venue Business Plan
4. Your current experience of running a B&B
5. Your current Income
6. Your current liabilities
7. Your budget for this new mortgage
8. The Term of the mortgage you require
9. Your Credit History
10. Are the Properties split between 2 Land Registry Titles or just 1

If you want to discuss please contact me - 01273390951 or info@grangefinancial.co.uk

Regards - Graham Cooper
Grange Financial Services
| 03.20.12 @ 16:55
Comment
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 08.22.17 @ 22:40
Log in or sign up with email
By submitting you agree to our Terms of Service
Free SimplyFinance Membership!

Get FREE, full access to SimplyFinance.com

Answered by

Graham Cooper
Graham Cooper, IFA in Brighton, EAST_SUSSEX

Related Questions

Q&A
Asked by katie.jenkins
Q&A
Asked by katie.jenkins
Q&A
Asked by stevensonbecca59