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Business Loans
kru_123
Posts: 4 Newbie
hello to everyone,
i was wondering if anyone could help me on this, i was thinking about purchaseing a retail business and was wondering how much captail i would need to buy a freehold business and maybe ways of obtaining the loan
I heard, to buy a house you need 10% of the value but dont know much about freehold business loans.
more info on the business is its around 450k and has a 3bedroom accmadation on top of business
thank you in advance for any help
krunal
i was wondering if anyone could help me on this, i was thinking about purchaseing a retail business and was wondering how much captail i would need to buy a freehold business and maybe ways of obtaining the loan
I heard, to buy a house you need 10% of the value but dont know much about freehold business loans.
more info on the business is its around 450k and has a 3bedroom accmadation on top of business
thank you in advance for any help
krunal
0
Comments
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The business will only be available through a bank loan. The freehold will be mortgageable but you could be looking at needing 33-40% deposit, especially if it is a shop with living accommodation over it. IMHO.A house isn't a home without a cat.
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