For the same reason it is more prone to high-street trends than residential, though both have their ups and downs.??And mortgages may not go beyond 50 per cent of value, rather than the 85 per cent or more??available on flats and houses ??? but that may be no bad thing, as bank interest will be lower.??But it is possible to ask commercial tenants for better evidence of ability to pay, and there should be less hassle.However, a commercial leaseholder is Google Adwords Services often obliged to find a new tenant or keep paying rent.
Professional property investors prefer to deal with larger properties to spread their overheads??more thinly, leaving a large swathe of smaller sites that they cannot be bothered with.??But if you prefer the feel of owning property for yourself it is worth considering the differing merits of commercial and residential.Generally speaking, you are unlikely to earn as much from investing the ??14,500 as you will save from repaying the debt.
The exception would be investing in high-risk shares, where you might gain heavily, or lose everything.??Robin Amlot of MX Financial Solutions IFA suggests you consider a wider range of mortgage options, including a current account mortgage, or an offset mortgage.You should also check whether your endowment is on track to pay off the interest-only part of the mortgage.It says the charity retained details of your payment before sending the batch of cheques to A&L which were then lost, apparently in the post.
A&L argues that by issuing a cheque you authorised the payment to be made, even if the cheque is no longer available to demonstrate this.Apacs the Association for Payment Clearing Services confirmed it is normal banking practice??where a cheque is lost between banks and that there is no reason why the same arrangement??should not apply when a cheque is lost before the bank receives it, if a reputable organisation has recorded details of payments received.