Apr 29, 2020 | Current Affairs
One in seven homeowners facing financial difficulties due to COVID-19 have taken mortgage payment holidays. Chancellor Rishi Sunak announced in March that mortgage borrowers would be entitled to three-month payment holidays. Figures from UK Finance up to 24 April 2020...
Apr 27, 2020 | Current Affairs
Temporary measures to protect high street businesses against aggressive debt recovery actions during the COVID-19 crisis have been announced. The Government will temporarily ban creditors from using statutory demands between 1 March 2020 and 30 June 2020. Any...
Apr 24, 2020 | Current Affairs
The Government could be set to provide a 100% guarantee on loans advanced through the coronavirus business interruption loan scheme. Small and medium-sized firms have been able to apply for interest-free loans of up to £25,000 since the scheme opened on 2 April 2020....
Apr 23, 2020 | Current Affairs
The Government has made commercial loans worth £250 million available to high-growth tech startups affected by the coronavirus pandemic. The Future Fund will provide ‘bridge funds' worth between £125,000 and £5m each between May and 30 September 2020. To qualify, a...
Apr 22, 2020 | Current Affairs
All large businesses with turnover of more than £45 million can apply for the coronavirus large business interruption loan scheme next week. Firms with a turnover of more than £45m are eligible for up to £25m, while businesses with a turnover exceeding £250m qualify...
