Buy-to-Let

Gary, I've looked at several mixed use properties like your purchase, but one thing that was always a problem getting a loan was that I didn't have a commercial interest in the commercial part. How did you get round this problem? Did you even get a loan on it in the end?

Thanks.

This was a cash purchase, from the sale of an inherited property. I haven't explored the options of borrowing against it, but as its mixed use I doubt it would be straightforward, but there are usually options.

I've been following your 2 year journey with interest.  Really pleased that you have reached a milestone.  Congratulations  and good luck with the unknown basement, I'll be waiting with baited breath.

Fred.

Thank you Fred. The additional storage unit has a high end kitchen stored in it (which I presume will be removed), who knows what I'll find in the basement. I'm prepared for the worst but hoping for a pleasant surprise.

Great news Gary. I was actually looking at that place pre-auction. Maybe it was from reading your previous posts haha.

Hi Gary,

Congratulations on both selling your inheritance property and winning the one at auction!! It is always great to see people progress in their property journey.

 I hope yours continues to go well for you and can’t wait to see what happens next!

It will be interesting times ahead. I'll find out soon what development potential I have, if any.

Congratulations Gary the sealed off basement sounds intriguing. I hope you don't find any skeletons in there!

Congratulations!!