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£50K Interest Free Loan for 12 Months

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    Originally posted by elsergiovolador View Post
    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.
    If you want to take your tin foil hat of for a second you might realise this is a bank decision, not govts.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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      Originally posted by jamesbrown View Post
      If you were a proper contractor, all your neighbours would be self-employed on your estate.
      FTFY

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        Originally posted by CosmicWave View Post
        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!).
        I got 40 thousand reasons in the bank from Barclays yesterday that makes me thinks your friend is mistaken.....

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          Originally posted by northernladuk View Post
          If you want to take your tin foil hat of for a second you might realise this is a bank decision, not govts.
          Sure, banks certainly are allowed to make their own decisions, especially when it comes to implementation of government programs.

          Comment


            Originally posted by elsergiovolador View Post
            Sure, banks certainly are allowed to make their own decisions, especially when it comes to implementation of government programs.
            Free money for banks, they will put as few hurdles in the path as possible as money guaranteed

            Anyone with existing credit cards or loan Depts should get a loan and pay them all off and save thousands


            Sent from my iPhone using Contractor UK Forum

            Comment


              Originally posted by GhostofTarbera View Post
              Anyone with existing credit cards or loan Depts should get a loan and pay them all off and save thousands
              Or fund legal challenge against government's IR35 that gives unfair advantage to certain companies.

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                Originally posted by elsergiovolador View Post
                Or fund legal challenge against government's IR35 that gives unfair advantage to certain companies.
                Yawn....
                'CUK forum personality of 2011 - Winner - Yes really!!!!

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                  Originally posted by David71 View Post
                  I got 40 thousand reasons in the bank from Barclays yesterday that makes me thinks your friend is mistaken.....
                  They are mistaken..my loan arrived today too from Barclays...he should go have a word with "his friend"

                  Andy

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                    Originally posted by simes View Post
                    Cater Allen seem not to be offering such a loan - yet.

                    Nothing on their site to suggest, and phone lines offering only emergency related calls.

                    Have sent an email in asking about the future, will report back.
                    Heard back from Cater yesterday ref the above, but such was the sheer volume of things I had on my plate that I have only today found the time to update...

                    "We are exploring the possibility to support via Santander and will be in touch as soon as possible to confirm this process in order for us to assist you further."

                    Comment


                      Originally posted by simes View Post

                      "We are exploring the possibility to support via Santander and will be in touch as soon as possible to confirm this process in order for us to assist you further."
                      Similar to Metro bank:

                      "We are looking into it" (in the run up to availability, 4th May)

                      followed by:

                      "We plan to announce more information on the 11th May" (the more info simply states they have submitted an application to HM Gov't and engaged a 3rd party to build an application website/back office tool)

                      No dosh, no process and no timescales... the idea of going through the process to open an account with A.N Other bank starting to look more attractive.

                      M

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