consider a normal residential mortgage for me if I run a cattery from my back garden. Lots of lenders have said they will only do a commercial loan.
2006-10-13 02:18:56 · 9 answers · asked by Jimmy Mac 1 in Business & Finance ➔ Renting & Real Estate
There are none despite some of the other asnwers you'll get recomending this, that and the other building society. If you run a buisiness from home you need a commercial mortgage which I believe is 1.5% above base rate.
2006-10-13 02:28:23 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In all honesty, it really depends upon what your situation is. If you have great credit, a low debt to income ratio, and looking for a loan within the standard budget, either way is fine to go. A bank that you are currently using (or especially a credit union) will have comparable rates and sometimes no or low origination fees. Their rates will usually be about the same as you can get elsewhere. However, if you have a few credit blemishes or want a stated income loan or there are some other issues, I would definitely go with a loan officer or mortgage broker just because of their ability to access wholesale rates and, knowing the industry well, being able to find the best program for you and your unique situation. You may be able to get a better rate or get approved for a loan that you wouldn't have been able to directly. There are pros and cons to both, but the most important thing is to find someone that you trust and believe has your best interests at heart. There are few things worse than getting a surprise at closing that you can't fix because you dealt with a dishonest person. Best wishes.
2016-05-21 22:39:04 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Dont tell th elnder you run cattery from home. How will they find out?
2006-10-13 02:22:34 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Try the West Brom. They seem to dish out money willy nilly (check out the rates though) and don't forget to get the ok with your neighbours - if they allergic to cats, you might wanna do smthg else!)
2006-10-13 02:32:42 · answer #4 · answered by beechwoodboris 2 · 0⤊ 1⤋
It is commercial, go to a bank for a commercial premises mortage and not an agency
2006-10-13 02:22:12 · answer #5 · answered by SunnyDays 5 · 0⤊ 1⤋
Why not approach your local Chamber of Commerce for Business Advisors. They may point you in the direction of Start-up Grants. [UK] and other lending options.
2006-10-13 02:31:22 · answer #6 · answered by Anonymous · 0⤊ 1⤋
What is the area zoned? Will the city or twon have a problem with this?
2006-10-13 02:26:56 · answer #7 · answered by N3WJL 5 · 0⤊ 1⤋
apply online at www.surefirefinance.co.uk they will be abe to help.
2006-10-14 08:20:32 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Email me more details please.
2006-10-13 02:21:01 · answer #9 · answered by Anonymous · 0⤊ 1⤋