01 Jul 2009 4:27 PM:
Ok ...... I'm not sure if I should post this as a reply or as a new thread but seeing as it follows on .......
We have researched, asked questions and researched again and so far this still seems a viable business all things considered.
Before we put in an offer on the lease we thought we should check on the position of commercial lending so that we could also try to purchase the freehold and we have now been told that in the last couple of weeks all commercial lending has been withdrawn!
Back to the crystal ball ......... why has this suddenly happened and how long before we could hope to get a mortgage on the building?
Thread:
Is this the time to buy a business?
--------------------------------------