Subscribe now and choose from over 30 free gifts worth up to £49 - Plus get £25 to spend in our shop
Topic starter
Anyone any idea where I can get a loan of £250K to purchase a property (business) while I sell two other properties and then pay off most of the loan - there is plenty of chollaterol to keep the lender happy?
Thanks
Posted : 19/11/2011 9:52 am
Sounds like you need a bridging loan.
Lots of vendors e.g.
http://www.largebridgingfinance.co.uk/bridging-finance/?gclid=CMOU6ue5wqwCFUEb4QodOniRpg
I would be very careful taking something like this on as there is no certainty that you can sell your existing properties.
Would it not be more sensible to rent business premises?
Posted : 19/11/2011 10:09 am