We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
predicted income/mortgage
bsc333
Posts: 1 Newbie
Have 50% deposit and want to borrow to buy an equine property on which to run a business. Been to several high street banks and they are impressed with figures and income receiving at the moment in the same line of work but on rented property. However banks wont consider us on a 'predicted income' even though we can show them our last 2 years income which is very healthy. The business would be the same but on different premises.
Any suggestions?
at this rate we may lose our business and any chance of taking it further - we need our own property!
Any suggestions?
at this rate we may lose our business and any chance of taking it further - we need our own property!
0
Comments
-
Sounds like you need a commercial loan, more than a mortgage.Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards