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Mortgage for home and business??

1 reply

HRHLadyMAG · 19/01/2015 11:57

Is it possible to take on a new mortgage for a home where one would also use part of the house for a business? I wonder if one is able to apply for a larger mortgage to enable the purchase of a larger property to accommodate this........ ie half residential mortgage/half business??

OP posts:
SaucyMare · 19/01/2015 13:00

i doubt you would get a mortgage and business loan in one agreement.
I think mortgages are just based on proved income, especially as business loans are much shorter term than 25 years.

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