Deeds,land registry, tax

[barn606]

Hello, have being trying to get a mortgage to build a house on my farm but business mortgages won't touch it as the main income is from a "normal" job
Self build won't touch it unless I reduce the land to the build to nothing / small acres
Land registry won't split off a title anymore unless there is a transfer of ownership (issues with granting rights from myself too myself)
Solicitors has suggested putting the land in a company, waiting to speak too accountant about this but from what I can tell would have to pay stamp and captial gains (about the same as the mortgage in the first place).
Am I missing something or is the system rigged against you unless you have piles of cash lying around

 

[curlietailz]

Try AMC. You could borrow cash against your land

 

[barn606]

Thanks tried them first unfortunately.

 

[chaffcutter]

Try Handelsbanken, much more personal service and a ‘ can do ‘attitude.

 

[Still Farming]

Your bank.
Why business mortgage?
Lend for anything usually as long water tight their side ?

 

[midlandslad]

Do you work on the farm at all?

 

[barn606]

Your bank.
Why business mortgage?
Lend for anything usually as long water tight their side ?

Don't fit in a box aparantly, wanted to use land as the security.

 

[barn606]

Do you work on the farm at all?

Yes but Only show a very modest profit. Very part time esp when compared to normal job

 

[Still Farming]

Yes but Only show a very modest profit. Very part time esp when compared to normal job

You maybe want to see higher up ranks .
If you got income and assets whats bad to lend too ?