Hi all,
A friend and myself are looking into buying a commercial premises and the apartments above it (the latter on an owner-occupier basis, albeit with some rooms rented out). We intend to operate a business ourselves rather than lease the premises, but for various reasons want to keep the whole property as a personal asset rather than putting it (or even just the commercial premises) in the name of our company. Given the mixed use of the property, what sort of mortgage could we get/should we be looking for?
I've been through the mortgage process before but with a more straightforward property, so this is uncharted territory - any advice would be much appreciated!
A friend and myself are looking into buying a commercial premises and the apartments above it (the latter on an owner-occupier basis, albeit with some rooms rented out). We intend to operate a business ourselves rather than lease the premises, but for various reasons want to keep the whole property as a personal asset rather than putting it (or even just the commercial premises) in the name of our company. Given the mixed use of the property, what sort of mortgage could we get/should we be looking for?
I've been through the mortgage process before but with a more straightforward property, so this is uncharted territory - any advice would be much appreciated!