Hi all, new user here.
3 weeks ago I gave up a well paid job to start a career in property development.
I did own 2 properties and sold one to release 200k in profit/equity, the other I share with my partner.
I plan to use this capital to purchase a property that I have paid a deposit on for 210K.
I have started to look for the 70k required to renovate and modernise this property but so far the main high street banks have given me a "sorry, but we don't do that type of business".
Does anyone know who would finance this 70k with me bringing 200k to the table.
I look forward to hearing from you if you would be so kind as to show me the way.
Thank you for your time.
3 weeks ago I gave up a well paid job to start a career in property development.
I did own 2 properties and sold one to release 200k in profit/equity, the other I share with my partner.
I plan to use this capital to purchase a property that I have paid a deposit on for 210K.
I have started to look for the 70k required to renovate and modernise this property but so far the main high street banks have given me a "sorry, but we don't do that type of business".
Does anyone know who would finance this 70k with me bringing 200k to the table.
I look forward to hearing from you if you would be so kind as to show me the way.
Thank you for your time.