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Commercial mortgage

Hi, I’m currently in the process of trying to purchase a hotel in a Blackpool. Looking to put 30% of the value down but struggling to find a bank that will accept this. They are often saying 40%. Does anyone know of any banks or Tier 2 companies doing commercial mortgages at 30% or in that region? Thanks in advance

Comments

  • A good broker should be able to Find you something 25-30%. You buying via a LTD comp?
  • Yes I am :) struggling to get in touch with banks. Been on the phone for over an hour waiting to speak to someone numerous times this week :(
  • We have a commercial broker we refer this to. If you would like me to put you in touch let me know 
  • Alicej30 said:
    Yes I am :) struggling to get in touch with banks. Been on the phone for over an hour waiting to speak to someone numerous times this week :(
    Sounds good! I wish you the best of luck!

    ps don’t forget your capital allowances😉
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