Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 4 weeks ago 47
I’m new to this and appreciate all comments/ opinions in advance!
In a nut shell I’ve seen a couple of properties that appear to be reasonably priced, because they have charges on them. One of them the current owner is bankrupt and the other one though is freehold, but has to pay a perpetual rent (nominal amount).
My question is how do you find out how much is charged on the property? Can you buy out the perpetual rent?
I do not want to incurred any unnecessarily before I committed to either property.
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