What a kick in the teeth
So like many business we also took advantage of the governments bounce back loan during these trying times, but it now appears this was a double edged sword.
having applied for a mortgage for my first property i have been told that because my business participated in the government scheme i will likely be refused my mortgage or will have to pay much higher rates.
The loan is still siting in our business account and continues to served the purpose of backup as it was intended for.
As always they help with one hand and slap you with the other.
Anyway rant over, but do be carefully with what you apply for or intend to apply for.
having applied for a mortgage for my first property i have been told that because my business participated in the government scheme i will likely be refused my mortgage or will have to pay much higher rates.
The loan is still siting in our business account and continues to served the purpose of backup as it was intended for.
As always they help with one hand and slap you with the other.
Anyway rant over, but do be carefully with what you apply for or intend to apply for.
