covid default rates

CBILS & BBLS – What Is The Default Rate?

CBILS & BBLS – What Is The Default Rate? Coronavirus Business Interruption Loan Scheme and the Bounce Back Loan Scheme. The main two schemes offered by Government to support businesses during the Covid period. Whilst CBILS was assessed by lenders (sometimes loosely), the BBLS was almost sanctioned without assessment. What happened afterwards was always going
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mortgage arrears statistics

The Mortgage Arrears Dilemma

The Mortgage Arrears Dilemma A recent report highlighted the increase in severe mortgage arrears had increased 16% from Q2 2020 through Q2 2021. Severe mortgage arrears are those loans where the arrears balance is between 2.5% and 5% of the loan total. Buy to let mortgage arrears in the same category have increased 134% in
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