My first post, so please go easy on me
Lockdown has shown us that we want more out of life and after a lot of reflection, we have decided we want to set up home in France, running a Chambres d’hotes and enjoying all the benefits of living in France.
Background, we love working hard, both work in marketing so recognise the need to find a unique position and have just finished renovation project all done by ourselves, so confidence is high on being able to take on our next challenge.
We have some equity, some savings, but we are really at a crossroads on how to finance the rest of the purchase. Resi mortgage, commercial mortgage etc etc, we cant seem to find the best place to go for some advice and find whats going to be suitable for us.
Main things we could really do with some advice on is:
- Can we get a resi mortgage and still run a Chambres d’hotes
- Are commercial mortgages a realistic way to finance a chambres d’hotes - I suspect this means full business plans (when we haven’t done this before and will be using transferrable skills to make this a success)
- Do you know of a good mortgage broker, we can speak to for some advice on our situation
- Do you have any experience about financing a chambres d’hotes when you are not purchasing with cash and what the process was like
Any of the above, you can help with would be amazing.
Look forward to hearing from you