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re mortgage

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DONNA1458 | 16:37 Fri 07th Sep 2007 | Business & Finance
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I need to raise 75000 to buy a business, i have a house worth 100.000 with 50.000 mortgage is it possible to remortgage and get 75.000 for business use if so who is a good company to use. TIA
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Avatar Image Oneeyedvic
Hi Donna,

You will need to approach a bank / finance broker who will potentially lend you the money partially secured by way of second charge as well as say a DTI small firms loan guarantee.

You will need to have a good business plan.

You can contact www.allianceandgeneral.com who maybe able to help you.
19:12 Fri 07th Sep 2007

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