What is the max LTV on a commercial property mortgage?

[Xena]

and who do I get it from?
Thanks

You are most likely to get it from a bank with whom you alreday have a relationship. It will depend on what you can put in. have you prior business experience and is it in the field you are going into, as that will predispose a bank to lend. They will probably only give max 75% mortagage but you might be able to get more with a bank loan top up. Have you consulted an IFA as they often have relationships with business managers and know who would be keen to get their targets for loans met.

We are buying a cafe and I have 5 years exp as a resturant manager. The bank we are with only lends to a max of 75%. We might need abit more than that as we will not be trading until March. When I googled there were IFA who do up tp 100% (we def don't need that!) but I was hoping to get a recommendation.

Have you asked them for a bank loan and overdraft..you should get a 10k overdraft easily enough

That would be good I will have to go for a meeting I suppose. Going to meet owners of cafe in 2 weeks so I will know more then

Probably speaking out of turn but do you have an accountant and have you a business plan? the more info you can pout forward the better your chances of increasing a loan..the lender will want your business account held with them.

Alliance and leicester are likely to be the cheapest for your business account..but it depends on the value for your mortagage

Because a large proprtion of the premises are home you may get a split commercial/domestic mortgage rate

ie you coyuld get a domestic mortagage and let the business proportion out to yourselves

Yes we have an accountant (that I use for my current buisness) but not really a buisness plan as we will just take it over and run it much as it is atm, although i'm sure that there will be changes that we will want to make its a fairly sound buisness from what we have seen in the past and also the limited accounts that we have seen (will be going through full accs etc when we go down again)

look into a domestic mortgage for the home percentage and a business mortgage for the business element should increase the amount you have to put in

definitely write a business plan for the bank loan/overdraft regardless of it being a "going concern" you need to show how you will add to the current value

decrease the amount

Who decides what part is residential and what part is commercial?