Small Commercial Mortgage

Posted on 23 April 2012 by rob

I have inherited a small shop from my mum , my dad doesn't want me to sell it. It is fully paid off and gives me a small rent. Is there anyway I can borrow on the deeds?


It might be possible to borrow against the value of the property but this will depend on a great many things.  Any lender is going to want to know at least the following:

What you want the money for?

What is the property worth?

What type of shop is it and what type of lease agreement is in place?

Is the property freehold or leasehold?

How much rent you receive?

Your own earned income and credit commitments.

I think the best place for you to start is with your own bank and you should ask them about obtaining a small commercial mortgage.  They will have other questions for you to answer and even if you are able to answer them all to their satisfaction, you may find that they feel it isn't worth the work involved to lend you the money.


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