How to raise money to buy a house to run a B&B?

[StripeyChina]

I have a house with a mortgage (interest only so smallish, currently live there but have permission to run as a holiday let, good prospects for)

But I have SEEN a house that would make an amazing B&B (7 beds)
currently listed as 'commercial' (old offices but victorian maisonette that was built as living accommodation)

I'd have to try to sell house A and hope house B&B was still avail wouldn't I? Any other way around it?

You could try and get a bridging loan but they are expensive and if your house doesn't sell for enough then you can find yourself in hot water.

It's basically a 'lottery fantasy' isn't it? :(

Can you borrow on a 2nd mortgage if you declare the first? (presumably, you can't just keep quiet about it!)

I’d investigate whether you’d need planning permission for a change of use and if it would be looked on favourably. If it wouldn’t then there’s no point.

I haved discussed this with the Council and yes it would apparently

Will your current lender let you have a further advance on your current property? You say you've only got a small mortgage.…