Recent content by Ann & Tony

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    Looking for a lease to buy B&B

    Thank you for your comment which is most helpful and enlightening. As for our business plan. You know nothing about me or the 3 directors. We will invite you to the open wing day when we get our property.
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    Looking for a lease to buy B&B

    Most of the brokers we have spoken too tick their boxes. If we don't fit in the boxes they just reject it instantly. If it was just a mortgage on a house it would be simple. Don’t understand why it’s so hard to get a mortgage on a B&B.
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    Looking for a lease to buy B&B

    The money we have got is all 3 of us directors have got together. My partner is currently selling his business to try and find it. At the moment even a successful business is struggling to sell.
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    Looking for a lease to buy B&B

    It is only £120k deposit as we need £80k to transform it round. We are needing £60k to develop the property. We either have the money to buy the B&B amd not convert it to wjat we need to. Or, we was looking to borrow the rest of it to buy the place. If we could find a property that was selling...
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    Looking for a lease to buy B&B

    Because over the last 3 years we have seen a gap in the market for what we do in a very small way at the moment. All of the directors have their own businesses already and we believe now is the right time. But the prices of properties in Blackpool with the current climates. It’s not been done on...
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    Looking for a lease to buy B&B

    We have £200k to put down and we wanted to £100k to borrow. It is the modern way is to lease to buy is an alternative way to finance this type of business as you should be are fully aware.
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    Looking for a lease to buy B&B

    Thank you for reading our post. We are sorry that you have decided to be so negative about our ambition to start a new type of business in Blackpool. We appreciate your advice and we will keep it in mind.
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    Looking for a lease to buy B&B

    They won’t take our business plan into consideration as it’s a new business concept and they wouldn’t give a mortgage. As the books show ok the current B&B is not profitable. It is what we similarly do now.
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    Looking for a lease to buy B&B

    We have spoken to many brokers and because the b&b we wanted to buy is running at a loss. Like a lot of B&Bs are that are up for sale. They seen that as to high of a risk and its not mortgageable. Obviously you don’t know the current clinate.
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    Looking for a lease to buy B&B

    We have been looking for a B&B in our price range for over 2 years. We are actually found one which was absolutely perfect. Everything was set to go until we tried getting the mortgage. The deposit and everything was in place. We did not realise it would not be mortgageable. We have jumps...
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