Company mortgage or outright purchase?

altyfc

Hello

I am a Director of a company which is purchasing a property (which will be a holiday let). The company is in a position to be able to purchase the property outright from a combination of savings and investments (shares) but is considering whether it would be better off just committing savings (approx. £120K) which would amount to close to half the purchase price, and taking out a mortgage for the rest rather than selling shares in order to purchase outright.

Please can you suggest how I might go about finding out which would be the best option? Are there specialist mortgage companies out there that would lend at a favourable rate to commercial organisations that it would consider low risk?

Thanks for any pointers.

altyfc

Any advice on this, please?

Thank you.

Thrugelmir

Speak to your bank, as you are seeking a commercial loan.

A holiday let has no guaranteed income stream. So the ability of the Company to fund the purchase will be required.