Raising finance on property

[Psc88]

Hi I have opportunity to purchase my partners shares in our franchise business.
The business is profitable and I need to raise about £100k

I own my own property worth 250k with a personal mortgage of 100k

Will I be able to use the business accounts along with the equity in my property to raise the rest of the capital?

By doing this I can offset the intrest payments against my business tax bill?

Thanks

 

[swankypants69]

@tony84 may be able to advise

 

[tony84]

Tough one, I reckon there will be a way. Im not sure you would be looking at high street rates however. I reckon possibly closer to 8-12%.

Also bare in mind your wanting to use profits that would then be used to service interest, so the profits would be lower.