Covid-19 Bounce Back loans for property businesses
4:06 PM, 5th May 2020, 6 years ago
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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
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Member Since January 2015 - Comments: 18
2:23 PM, 10th May 2020, About 6 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
Member Since July 2013 - Comments: 38
2:27 PM, 10th May 2020, About 6 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
Member Since July 2013 - Comments: 648
4:17 AM, 13th May 2020, About 6 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.
Member Since July 2013 - Comments: 648
4:19 AM, 13th May 2020, About 6 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.
Member Since November 2015 - Comments: 82
11:06 AM, 14th May 2020, About 6 years ago
Interest free for 12 months only. Thereafter 2.5 % on balance.
Member Since April 2014 - Comments: 38
10:53 AM, 22nd May 2020, About 6 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.
Member Since August 2013 - Comments: 13
8:18 AM, 30th May 2020, About 6 years ago
Reply to the comment left by Paul Shears at 05/05/2020 – 23:52
Limited company applications very straightforward with RBS
Member Since July 2013 - Comments: 648
5:43 AM, 6th July 2020, About 6 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?
Member Since March 2015 - Comments: 1969 - Articles: 1
10:12 AM, 6th July 2020, About 6 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.
Member Since July 2020 - Comments: 2
10:39 PM, 6th July 2020, About 6 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.