Bounce Back Scheme

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    Bounce Back Scheme

    Has anyone applied, successfully or otherwise, for this scheme? What counts as 'turnover' for the typical property developer involved in running a BTL portfolio?

    #2
    My understanding is that the BBLS is for ‘trade’ activities rather than investment but I would be interested to see if others feel differently?

    Comment


      #3
      Property Developers are a different business sector than landlords, who are classed as property investors.

      The loans are only available to limited companies and limited liability partners, who have at least 50% of their income from their trading activity, which I think would preclude investment income.

      There's nothing I can find that excludes landlords specifically, though.
      When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
      Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

      Comment

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