Yes we are still getting offers being issued. One happy client whom I helped buy a fish and chip shop a few years ago (which he later sold), took a year off and early this year decided to buy another.

However, it wasn’t until he had been turned down by two banks, incurring a valuation fee along the way, that our client decided to find me again. With cash dwindling, a high loan to value was required and with retirement imminent the vendor was letting the business slide: not an attractive combination for lenders.

Our new lender wanted a fresh valuation; the new valuer produced figures which didn’t quite make sense and would have killed the deal. We showed why the figures were wrong; the bank, to their credit, accepted our argument and the purchase completes in January.

The moral of the story is that, since you have to grow old, learn along the way and don’t suffer fools!