Hello all, Im new to the Forum as you can see.
Im looking to buy a shop and take over its running as the current owner is retiring.
I have not worked for myself before and am currently in full time employment.
What will the chances be of getting a commercial mortgage if I have 15% deposit? My wife currently works full time and we have never defaulted on bills etc.
What things will the bank want to know about the business and is it acceptable to ask the current owners for accounts etc.
Any general advice would be appreciated!
Thanks