Covid-19 Hub

Financial Support

What else can you do as a mortgage customer:

 

We are more than willing to help guide you through all your options.

Additionally the government has recently announced survival packages for employers, employees and the self-employed. We have tried to summarise these the best we can below & have put links to the relevant Government website pages with full details on for each:

Employees

To avoid mass redundancies, the government has promised to assist business by introducing a ‘Job Retention Scheme’

Also legally known as ‘furloughed’

Your employer could pay 80% of your wages through the Coronavirus Job Retention Scheme, up to a monthly cap of £2,500.

You’ll still be paid by your employer and pay taxes from your income. You cannot undertake work for your employer while on furlough. We expect the scheme to be up and running by the end of April.

Self Employed

After much call to introduce some assistance, the Government has unveiled measures to ensure the self-employed had not been ‘forgotten’ by introducing several measures.

Self-Employment Income Support Scheme

You’ll get a taxable grant which will be 80% of the average profits from the last 3 years tax returns. (if applicable, you only need one) up to a maximum of £2,500.

Your self-employed trading profits must also be less than £50,000 and more than half of your income come from self-employment. There are some further restrictions on this.

Who can apply?

You can apply if you’re a self-employed individual or a member of a partnership and you:

Your self-employed trading profits must also be less than £50,000 and more than half of your income come from self-employment.

Employers / Businesses

To qualify for a furloughed claim, you must have created and started a PAYE payroll scheme on or before 28 February 2020 and have a UK bank account. Any UK organisation with employees can apply, including:

If you have ‘furloughed’ employees, you can apply to claim the wage costs by clicking on the link below,

If you need business funding you should first and foremost try your bank. If they are unable to help you then you can apply for CBILS Funding, here is a link

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Awards & Recognition

Nominated for Best Entrant Broker 2019 – Mortgage Introducer Awards

Finalist for Mortgage Broker of The Year 2022 – Yorkshire Financial Awards

Top Rated Mortgage Adviser for 2020, 2021 & 2022 in The Times Newspaper

Yorkshire Prestige Award Winner for Mortgage Brokerage Firm 2021/2022

Nominated for Best Mortgage Broker (up to 8 Advisers) & Best Protection Broker

Nominated for Best Entrant Broker 2019 – Mortgage Introducer Awards

Finalist for Mortgage Broker of The Year 2022 – Yorkshire Financial Awards

Top Rated Mortgage Adviser for 2020, 2021 & 2022 in The Times Newspaper

Yorkshire Prestige Award Winner for Mortgage Brokerage Firm 2021/2022

Nominated for Best Mortgage Broker (up to 8 Advisers) & Best Protection Broker