Posted on August 30, 2011.
Any idea where i CAN get you a commercial mortgage is a leasehold property.I Will Have A 50% deposit to be The Property Would Like the othe 50% have a mortgage.Also if i have a commercial mortgage can i get a residential mortgage aussi On Another property and this effect How Much Will i could get?
Any Information Would Be recieved gratefully.
thanks
Etha Sallaz says...
It all depends on what the lease terms are, if its a short renewable lease then you might struggle as lenders don't have anything to 'pin' their security on.
if its a long leaseeg 70 years then most commercial mortgage lenders will look at it, depends if itsa new venture for you if so you might need to approacha commercial mortgage lender who's a bit more flexible than a bank
try affordablemortgages.co.ukthey can search across 80 commercial mortgage lenders in one go- saves you a lot of time !
Posted on September 6, 2011
