PDA

View Full Version : Lenders requirements



newlocs
11-12-2005, 11:19 AM
HI,
I'm looking to purchase a large HMO building that has been licensed and seeking a commercial mortgage.
The lenders have asked for a CV and business plan.
Can anyone tell me what I should include in these two documents to strengthen my case. I've never written a business plan before and I'm not sure what to include in it.
Also, the building has been listed and I would like to have it delisted- how do I go about this?
Thanx in anticipation.
Newlocs

Editor
11-12-2005, 17:07 PM
The lenders will want to see your track record in investing and landlording - hence the CV, and a business plan to see if you are being realistic in your objectives.

There are quite a number of inexpensive books on producing a business plan here: http://www.landlordzone.co.uk/small_business_books1.htm

Listed buildings can be a real problem if you want to do any conversion work later and I'm not sure that you can "de-list" a listed building. You need to thoroughly research this aspect.

newlocs
15-12-2005, 09:16 AM
Thankyou.
The books seem like the best way to start.