out of interest how much roughly for the build cost on a 4 bed double storey house, fairly straightforward design say 270ish m squared in total between both floors, just looking for a ballpark figure, thanks!
thanks ive not actually worked out what it would cost that was just a rough figure, i would aim for a reasonably straightforward square design double storey average kind of size do u think ill be nearer 250k?
Ok well id need to borrow 100k, my wife earns 20 and i withdraw about that from the business BUT my profit share from the business wont be anywhere near as much as that, are they likely to refuse me?
the issue ive got is that although im a partner in the business its only for a small % so if thay start looking at profit of business im only entitled to a small % of the profit in theory? although i take out a lot more each year than the "official" profit share, would this be a problem? also my wife earns 20k a year
is it not possible that i could start the building work with my 100k deposit and get some sort of shell up then borrow against that asset? id prob be looking to spend around 200k in total, is that feasable for a 4 bed house? thanks
im looking into building a house in the next year or so is it difficult to get a self build mortgage if you own a plot of land and have a deposit of around 100k cash from selling previous house? just wondered if i had to prove income etc im self employed, thanks!