Start-up loans climb
Analysis shows that a record number of small companies have taken start-up loans during lockdown, with 2,670 loans provided under the British Business Bank’s start-up loan scheme. This marks an increase of almost a quarter, year-on-year.The I, Page: 44
Lenders approve mortgage holiday plan
Banks and building societies have agreed to allow six month mortgage holidays up until July 31, 2021, with the industry agreeing the move with the Financial Conduct Authority. Applications can be made until March 31. Borrowers who have used up their six-month allowance can apply for “tailored support” such as reduced payments.The Times, Page: 48