raise money for new business

bamberbamboo

Afternoon, I've been looking at a shop (Corner shop type) with large flat above which I would rent out, and would like to buy this with my friend however we do not want to use our homes as collateral also we don't have much money to put as a deposit but know we could make the business work so what I need to know is
1. what is the most mortgage we could get?
2. could we get a self certification mortgage on this? the buildings are worth more than is being asked so survey no problem,
3. also I've read somewhere (but can't remember where!) if the living accommodation was more than 40% then a residential mortgage may be possible,
4. and finally any recommendations of a good adviser for mortgages.

The property is £155 thousand, with business t/o £190 thousand + flat rental of £3600.

many thanks

Savvy_Sue

As you haven't had any replies, it may be worth nosing around the mortgages board and see if anyone over there can help a bit more. We used to have a mortgage adviser hanging around, didn't we? Can't remember his name I'm afraid! May not answer all your queries but may get you going in the right general direction.

bamberbamboo

thanks for that will try a post on there ..