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informal tender and mortgage options to buy land - HELP!

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emdanmum · 14/06/2010 20:35

Not sure if I've posted this in the right place.........any alternatives greatly recieved! Posted it first in property-someone suggested I may get some more help here.
There is a stable block and grazing for sale near us, and it's for sale by informal tender at 85,000 pounds-what does this mean?
It's a very vague idea at the moment,but if I did become serious, does anybody know what mortgage options would be available for the purchase of land? Is it similar to that of a house or would I need a business loan (I'd rent some of the stables out)?
Any advice will be helpful

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