We are hearing from Clients already worried about their property finance and we would like to help.
You may be aware that if you have been severely affected by COVID -19, that the Government has confirmed that Landlords may look to take a mortgage payment holiday. The payment holidays of up to three months will be offered on the understanding the benefit is to be passed to the tenant, who will then work with you to set up an affordable repayment plan after that.
We have been speaking to as many BTL Lenders as we can on behalf of our Clients and they are encouraging BTL mortgage holders to contact them to discuss their individual circumstances.
Let us help you access funds for CBILS assistance
We are keen to assist both existing and new clients preserve their businesses and will do this on a contingent fee basis.
It's a statement of the obvious, but at the death its not about turnover or profit, businesses fail when they just run out of cash. Don’t get me wrong, a sustainable business needs to trade at a profit, but at the end of the day its not rocket science, a business can trade until it runs out of cash.
Perhaps we shouldn't expect the Alternative Finance Sector to step in at this point as it did in 2011/2012. This is the first serious financial shock to affect the sector since it emerged, and we have little idea how robust it will prove to be although some worrying sign are starting to appear.
The Coronavirus Business Interruption Loan Scheme (CBILS) is now available through participating Lenders. That’s the headline from the British Business Bank – but what is it and will it really help?
Firstly, it’s not a pot of gold from the Government being distributed to businesses to enable them to weather the storm of Coronavirus.
Do you have clients who need to access the Coronavirus Business Interruption Loan Scheme? We have received confirmation that the Coronavirus Business Interruption Loan Scheme (CBILS) is now available.
CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities. The scheme provides the lender with a government-backed guarantee, potentially enabling a ‘no’ credit decision to become a ‘yes’.