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I hope the above is future credit-rating affected. Otherwise another one-way-street loan similar to student loans where the payback rate is negligible.
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basically even to a loon like me
the loans that banks were willing to back to 80%, were to companies that might have warrented 100% loans now the companies banks didn't think worth backing at 80% are going to be backed 100% by taxpayer shouldn't it have been the other way round |
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I hope the monies loaned go on specific business stipulated and not some get rich scheme eg buying distressed stocks in companies; starting up a loan shark business; purchase another buy-to-let property or a (cheaper) holiday home abroad, etc.
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5000 out of 8000 2nd home owners in cornwall most whove never rented their home out,have already claimed the 10 grand freebie grant on offer,so their ho.iday homes sorted thanks,
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