C
clare1
Guest
Hi,
My father and I are planning to build a house on land that he owns. We plan to build the house and sell it on. I have received a positive answer from the planning authorities on this so no problem there., luckily. The main issue is finance to build the house. I know we could look for a mortgage and probably wouldnt have a problem getting one. However, is there any other way of financing this ? The criteria would be
1. Little or no capital investment ourselves
2. very low repayments on a loan until the house is sold.
I suppose we're looking for some sort of business/term loan at low interest rates
Any ideas or advice would be most welcome.
My father and I are planning to build a house on land that he owns. We plan to build the house and sell it on. I have received a positive answer from the planning authorities on this so no problem there., luckily. The main issue is finance to build the house. I know we could look for a mortgage and probably wouldnt have a problem getting one. However, is there any other way of financing this ? The criteria would be
1. Little or no capital investment ourselves
2. very low repayments on a loan until the house is sold.
I suppose we're looking for some sort of business/term loan at low interest rates
Any ideas or advice would be most welcome.