9:49 AM, 25th August 2020, About 10 months ago 2
We took a Business Bounce Back Loan (BBL) for legitimate COVID-19 related reasons and would benefit greatly from a CBILS which is now made available for bridging and asset finance to re-finance the BBL + bridging loan which we had to utilise to re-finance an investor when our mortgage offer was withdrawn due to covid/lockdown.
A mortgage would be the next best option, but concerns remain over mortgage co’s rejecting/withdrawing offers due to BBls/CBILs taken.
It seems odd to be offered these loans as a way to continue business only to end up worse off if we apply, especially should we fail some lender’s CBILS criteria.
Are there any mortgage co’s still lending when these loans taken/applied for?
We were a viable business prior to COVID-19 and able to service both CBILS or a mortgage.
Appreciate any advice or input.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Previous ArticleDWP culpable in ensuring landlords are out of pocket for 12 months?
Next ArticleCan I charge for a woof?
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|