9:49 AM, 25th August 2020, About A year 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to re-finance the BBL + bridging loan which we had to utilise to re-finance an investor when our mortgage offer was withdrawn due to covid/lockdown.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.
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