I am trying to buy out my ex and start a business. It was my business advisor who suggested that this property filled the need for my planned boarding kennels..
I will have about £100.000 to invest (my share from the sale) but then I have to raise likewise (my ex share) and the outstanding morgage.
Interestingly I was first told that I would only have to find half of the outstanding morgage the rest was down to my ex to pay off!
of course thinking about it - this is obviously not right!
Anyhow one bank is interested (but I realise it is a large debt to service until my business starts paying its way).
I am looking researching grants as well as grants from other sources outside the banks (but they have a shorter payback period.
Anyone have any good pointers please.