Below I have summarised all the main tax related updates we have seen this week.
• Recovery Loan Scheme Update
• Restart Grant Scheme is Open
• Mortgage Guarantee Scheme
• Negotiating a new office lease
If you have any queries about this week’s content, or if you need any assistance please do not hesitate to contact me.
I hope you have a good weekend.
Stay safe and well.
Cheers,
Steve
Steven Hillman BSc (Hons) ACA
Chartered Accountant
Tel: 01934 444100
This government has introduced a mortgage guarantee scheme. The scheme is open to new 95% mortgages until 31 December 2022, with participating lenders offering 95% mortgages under the government guarantee from 19 April 2021.
The idea is to support a new generation in realising home ownership. The scheme will increase the availability of 95% Loan-to-value mortgage products, enabling more households to access mortgages without the need for large deposits.
See: The mortgage guarantee scheme - GOV.UK (www.gov.uk)
