Covid-19 Bounce Back loans for property businesses

Covid-19 Bounce Back loans for property businesses

16:06 PM, 5th May 2020, About 2 years ago 50

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The Bounce Back Loan Scheme (BBLS) applies to buy to let landlords! In this video Andrew Roberts and I take a look at the eligibility criteria and how you can apply for up to £50,000 as an interest free loan for your buy to let property rental business.

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Covid-19 – Corona Virus Bounce Back Loan Scheme (BBLS) For Property businesses buy-to-let Landlords



Comments

Terry

14:23 PM, 10th May 2020, About 2 years ago

Hi John
Sorry. I used you in the wrong context. I meant those that had in their replies. Not sure why Will has either.
Regards
Terry

Phil Ashford

14:27 PM, 10th May 2020, About 2 years ago

Reply to the comment left by Terry at 10/05/2020 - 14:23People weren’t saying it they were “quoting it” from the most primary source that there is on the matter.
Under “Am I Eigible?” This still hasn’t changed despite the confusion on the matter. https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/faqs-for-small-businesses/#f2

Paul Shears

4:17 AM, 13th May 2020, About 2 years ago

Reply to the comment left by Caring Landlord at 06/05/2020 - 10:15
Well it looks like that point has been well and truly clarified now.

Paul Shears

4:19 AM, 13th May 2020, About 2 years ago

Reply to the comment left by Beaver at 06/05/2020 - 09:48
Well it looks like it's been definitively clarified now. You do qualify. But don't waste your time with Santander.

Alan Wong

11:06 AM, 14th May 2020, About 2 years ago

Interest free for 12 months only. Thereafter 2.5 % on balance.

Linda Price

10:53 AM, 22nd May 2020, About 2 years ago

Our bank manager (Lloyd’s) sent us the link to get the loan and it was in our account within days. Very few questions on their claim form, but you must have your main account with them.

Bruce Patterson

8:18 AM, 30th May 2020, About 2 years ago

Reply to the comment left by Paul Shears at 05/05/2020 - 23:52
Limited company applications very straightforward with RBS

Paul Shears

5:43 AM, 6th July 2020, About 2 years ago

Well it's been over two months now since my bounceback loan application with HSBC. Very little feedback during this time. Loan still being assessed with HSBC. My credit rating is 999.
This thread has gone silent now. Is anyone else having this problem?

Luke P

10:12 AM, 6th July 2020, About 2 years ago

Reply to the comment left by Paul Shears at 06/07/2020 - 05:43
No. Had two. Both were in my accounts within a matter of days.

Asibbers123

22:39 PM, 6th July 2020, About 2 years ago

Reply to the comment left by Luke P at 06/07/2020 - 10:12
Whether a BTL landlord qualifies for a BBL is a grey area. But, you are only allowed one BBL, and that’s certainly not a grey area.

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