Bounce Back Scheme

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  • jpkeates
    replied
    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.

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

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  • dominco
    started a topic Bounce Back Scheme

    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?

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