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Equity release for small business
Deisembfdynamite
Posts: 1 Newbie
Does anyone know of an equity release company who will release money even though we run a very small business. We own a restaurant and are 70 and 75. We run the business ourselves and have paid the mortgage off. We wanted to release some equity to help during these difficult times although we still want to work but not as much as we used to work. All equity release companies are saying no and that we have to be just residential. We live at our restaurant.
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Could you get a business loan? Possibly secured on your home?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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