How much will it cost me to borrow £1.5M?

[LimaDelta]

To buy land, with an established, relatively stable small business attached?

Just curious.

[5potTurbo]

If only there were a Finance section on this Forum?...


Simply look up Commercial Mortgage rates/quotes, then see how much you'll get bum raped for deposit and fees.....

[louismchuge]

You'll need half a mill deposit!

[scotal]

louismchuge said:

You'll need half a mill deposit!

And a track record.

[johnfm]

LimaDelta said:

To buy land, with an established, relatively stable small business attached?

Just curious.

Is the small business a former scrap yard in Basildon.....

[LimaDelta]

johnfm said:

Is the small business a former scrap yard in Basildon.....

Nope, much further north and not officially for sale yet.

ETA, sorry a bit slow today, is that referring to our travelling friends?

[johnfm]

LimaDelta said:

johnfm said:

Is the small business a former scrap yard in Basildon.....

Nope, much further north and not officially for sale yet.

ETA, sorry a bit slow today, is that referring to our travelling friends?

[2 5HAN]

Most lenders will be interested in the model and more importantly the repayment cover of the borrowing.

Rates are quite good at the moment for 10 and 15 year money.

It's the margin that the lender adds that makes all the difference. They will asses the risk of the project / business to come up with a figure