All Topics / Finance / Borrowing for business & PPOR as same address

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  • Profile photo of Kristy27Kristy27
    Member
    @kristy27
    Join Date: 2010
    Post Count: 4
    September 23, 2010 - 7:06 am

    Ok….this may not be the place to ask…but maybe someone can assist???

    I'm considering buying a property which would be my PPOR but also mainly a business (eg lifestyle retreat/B&B).
    What are the requirements for deposit in this case & what sort of loan options do I have?

    Being home & business I'm not too sure what I need to know about borrowing for such a project.

    If someone could enlighten me before I approach the banks ….that would be great!!

    Cheers
    Kristy27

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    September 23, 2010 - 8:52 am

    It will all come down to the size of the property, the zoning and whether it is income producing etc etc.

    i can think of a lot of lenders who wouldnt lend more than 40-50% but others that will go a lot higher.

    Richard Taylor | Australia's leading private lender

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