Are there Mortgages for Garages?

CamperVanDan

Hello,

It's been a while since I was here, but I thought if anyone would know this - it would be someone here!

I currently pay £80 a month to rent a garage for my camper van.

I've seen one advertised near to me for £10k.

Basically, is it possible to get some sort of Mortgage to buy a garage? My credit rating isn't brilliant, I lost my job just before Christmas and I'm looking for a full time job at the moment (I'm working part time and topping up with benefits till I get something full time) But, I am paying £80 a month as it is, and if I did default, then I'd lose the garage anyway.

Is this a non starter? I'm thinking it probably is, but you never know.....!

cattie

I'm not sure if there are mortgages for garages if you were buying a block of them as a business venture, but lenders don't do mortgages under £25k so you wouldn't be able to get a mortgage on a single garage. A loan to cover the purchase would be the only way to go and you obviously aren't in a position to think abut that right now.