Category: Coronavirus – CBILS

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Business in Crisis
So, like so many others running a business, you are facing a seemingly impossible challenge. The payments previously deferred (including March 2020 VAT) will shortly become due, CBIL’s/BBL’s repayments start soon, landlord’s patience has run out, customers are slow to pay/suppliers are about to stop supplying, wages are due at the end of the month and the bank balance is perilously close to the overdraft limit.
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Buy to Let Finance Update
Despite the COVID 19 pandemic and the subsequent lock downs and tier system introductions, the BTL Market has continued to thrive. One could say that the part stamp duty relaxation, available until the end of March, has kept purchases buoyant, but we have also seen a high number of refinance deals completed as fixed rate deals have come to an end.
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Bounce Bank Loans
The saying ‘cash is king’ has never seemed more relevant and some businesses may find themselves in the unexpected position of having “surplus” cash available just now.  It’s important to ensure that you have a full understanding of the position that your business might find itself in as the Government and other business support is reduced or withdrawn.
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