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AMC recommendations?
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<blockquote data-quote="Juggler" data-source="post: 7930531" data-attributes="member: 203"><p>I currently have no borrowing but could do with raising some money to carry out improvements to the land/buildings and house, good salary coming in from full time employment and decent income from the diversified farm business.</p><p></p><p>The last bank I had a mortgage with need a business plan before they will consider it, the amount I'm after isn't a huge amount and it doesn't really lend itself to a business plan as there will be no immediate return in income, however it will make our lives easier and bolster existing income streams.</p><p></p><p>Does the AMC require a business plan or will they lend on asset value and proof of income / affordability? Any experiences the collective can share of their dealings good or bad?</p></blockquote><p></p>
[QUOTE="Juggler, post: 7930531, member: 203"] I currently have no borrowing but could do with raising some money to carry out improvements to the land/buildings and house, good salary coming in from full time employment and decent income from the diversified farm business. The last bank I had a mortgage with need a business plan before they will consider it, the amount I'm after isn't a huge amount and it doesn't really lend itself to a business plan as there will be no immediate return in income, however it will make our lives easier and bolster existing income streams. Does the AMC require a business plan or will they lend on asset value and proof of income / affordability? Any experiences the collective can share of their dealings good or bad? [/QUOTE]
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