The company I run with Mrs d000hg (not contracting) took a BBL and payments are due to start next month - cut off for repayment without charge is mid-October.
We're going back and forth on what to do. It's a 2.5% interest rate (I am not sure if this is guaranteed or can change?) with 5 years of payments. This means a lifetime loan cost of about 6.5% which is clearly extremely cheap, but I'm not sure if we have, or would expect to ever have, need for it.
This isn't a "what should I do" thread, I'm just curious what you lot are doing - I know quite a few contractors took out BBLs - and your thought processes.
We're going back and forth on what to do. It's a 2.5% interest rate (I am not sure if this is guaranteed or can change?) with 5 years of payments. This means a lifetime loan cost of about 6.5% which is clearly extremely cheap, but I'm not sure if we have, or would expect to ever have, need for it.
This isn't a "what should I do" thread, I'm just curious what you lot are doing - I know quite a few contractors took out BBLs - and your thought processes.
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