What is Raising Finance for Freehold Purchase ?

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    breckjensen
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    hello,

    I have seen a business for sale, essentially a small chip shop with a three bedroom flat.

    I’m very interested in the purchase, but this opportunity has come out of the blue so I am not set up with the finance required.

    Sale price is £165k, can anyone advise *roughly* what sort of cash I’ll need in hand to cover legal fees/deposit etc?

    Also any thoughts on ways to raise this? We unfortunately have no real equity in our house as remortgaged a year ago to renovate it.

    I don’t know if this is all just pie in the sky or realistically achievable.
    Any thoughts or advice from those with much more experience with me is welcomed!

    Please help.

    Thanks!

    I didn’t find the right solution from the Internet.

    References:
    http://www.ukbusinessforums.co.uk/threads/raising-finance-for-freehold-purchase.379543/

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