Originally posted by northernladuk
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£50K Interest Free Loan for 12 Months
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Originally posted by jamesbrown View PostIf you were a proper contractor, all your neighbours would be employed by your estate.
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Got the eContract to sign this morning from HSBC. Odd as it's pretty much a duplication of the what was already agreed on the website and they could have captured a DD mandate for repayments at the same time.Comment
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I hear from business manager at Barclays that if your business address registered there is a home address (where you get your statements) but is not a real business address, you will not get the loan.
Also if you have a business address set to your accountants address (i.e. your registered office address which is usually your accountant's address), then also you will fail to get the loan.
Apparently if they had lent out accidentally when the customer's address violates the above two things, then there is small print that they can take back that loan amount lent anytime.
So, its all hopes lost for me now, since my business address is my Registered office address (i.e. my accountants address), although I have setup a separate correspondence address that is my home address just for receiving my monthly Business current account bank statements.
The thing is we are expected to have a physical real office address for our business with lease named on us directly where we go every day to work (even if we are just one man company!). Otherwise they don't accept that business address, nor will they accept the home address.
They are saying this is what they are expecting customers to fill up in KYC with a leased building (my goodness for a simple software company with 1 or 2 people??? Barclays come on!).Comment
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Originally posted by CosmicWave View PostI hear from business manager at Barclays that if your business address registered there is a home address (where you get your statements) but is not a real business address, you will not get the loan.
Also if you have a business address set to your accountants address (i.e. your registered office address which is usually your accountant's address), then also you will fail to get the loan.
Apparently if they had lent out accidentally when the customer's address violates the above two things, then there is small print that they can take back that loan amount lent anytime.
So, its all hopes lost for me now, since my business address is my Registered office address (i.e. my accountants address), although I have setup a separate correspondence address that is my home address just for receiving my monthly Business current account bank statements.
The thing is we are expected to have a physical real office address for our business with lease named on us directly where we go every day to work (even if we are just one man company!). Otherwise they don't accept that business address, nor will they accept the home address.
They are saying this is what they are expecting customers to fill up in KYC with a leased building (my goodness for a simple software company with 1 or 2 people??? Barclays come on!).'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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I also find it hard to believe, but I wouldn't be surprised. It is just one of the tools that government hostile towards self-employed uses. The funniest one I remember was in the CEST tool, where the question is - do you provide your own tools? and then it goes on that laptops etc are excluded Could be another trick.Comment
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Originally posted by ladymuck View PostGot the eContract to sign this morning from HSBC. Odd as it's pretty much a duplication of the what was already agreed on the website and they could have captured a DD mandate for repayments at the same time.Comment
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I've had the grand total of one email and a text message from Clydesdale.⭐️ Gold Star ContractorComment
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Originally posted by CosmicWave View PostI hear from business manager at Barclays that if your business address registered there is a home address (where you get your statements) but is not a real business address, you will not get the loan.
Also if you have a business address set to your accountants address (i.e. your registered office address which is usually your accountant's address), then also you will fail to get the loan.
Apparently if they had lent out accidentally when the customer's address violates the above two things, then there is small print that they can take back that loan amount lent anytime.
So, its all hopes lost for me now, since my business address is my Registered office address (i.e. my accountants address), although I have setup a separate correspondence address that is my home address just for receiving my monthly Business current account bank statements.
The thing is we are expected to have a physical real office address for our business with lease named on us directly where we go every day to work (even if we are just one man company!). Otherwise they don't accept that business address, nor will they accept the home address.
They are saying this is what they are expecting customers to fill up in KYC with a leased building (my goodness for a simple software company with 1 or 2 people??? Barclays come on!).
My biz addresses is my home addresses and it all went through n said its accepted...although not paid yet.Comment
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