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Advice needed

LittleAnna
LittleAnna Posts: 62 Forumite
I run a small business and have some cash to spare this year.Not sure whether to pay off some of the hugh loans or to make a drawing and invest.Have a look and have your say.
Mortgage on own home £55,000 4.99% repayment fixed till next year.(worth £450.000)
Mortgage on building for work £340,000 interest only 4.99% (worth 400,000)
Loan for another building £380,000 interest only 6% ( worth £400,000)
Edowments due out 2008 to cover personnal mortgage and pay off early-as no tax relief.
ISAs set up for paying off loans so far worth £51,000.
Dont need to pay off all of loans at end as could sell one of the buildings or lease or sell the whole business (this is worth about £100,000 at the mo minus the debts of course)
Have just over£50,000 spare funds at the mo-still leaving some for emergancies and some for a deposite for another building for expansion ! and I am not sure what to do with it.Look forward to your postings:rolleyes: ;)
I believe.......:lovethoug
Feb Grocery £300 - 14.50 = £285.50

Comments

  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You need an Accountant!
    The sort of figures you are talking about needs professional help not the amateurs like myself on here.
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