Also a thought when you are buying your property is that from the tax point of view any mortgage you may have can be offset against tax so it may be that this is something to take into account when you are deciding how much to borrow and what you can afford. There is also to consider when you are deciding how much to borrow the consideration of how much you will need to spend to get things up to scratch as quite often when people are preparing to sell they let things slide and for any start up costs such as new brochures etc. Make sure your sums add up! This is why it is so important to do a thorough business plan as this is where most people go bankrupt.

Be aware that unless you are a big operation you will qualify for small business rate relief take a look on your local council and make sure you fill out your application straight away. This can mean a reduction in your business rates of 50% which as I am sure you can appreciate is worth having. When I worked at the Inland Revenue I was always astonished how many people just pay up and ask no questions when all it takes is a phone call to dramatically reduce your bills. Make sure that you are getting everything that you are entitled to. Also if you have not been applying for small business rate relief they will back date it.