How to finance a pub buy? Mortgage for public house is a commercial mortgage or loan to be used specifically for the purchase of pub. Commercial mortgage lenders define a Pub as a business trading primarily in retail alcohol sales. Pub mortgages are available for purchasing either Freehold or Leasehold property.
Pub Mortgage Requirements
How to qualify for A Pub Mortgage? To qualify for this mortgage the revenue to product ratio of the business must be either:
100% alcohol sales
Primarily alcohol and partial food
Primarily alcohol and partial overnight accommodation
Primarily alcohol and partial overnight accommodation and partial food
Conversely, if the primary revenue of the business comes from food sales and partial alcohol sales, the business is classified as a restaurant...Read More