The Growth Guarantee Scheme

It’s fair to say that like most Government backed funding schemes they frequently get rebranded, are never well publicised, never properly understood and surprise, surprise, never well utilised.

The Growth Guarantee Scheme is one of these. It has had more names than Liz Taylor and a lower public profile than a disgraced celebrity.

But, it shouldn’t because it is a really good scheme.

This scheme works by giving a lender a guarantee to support commercial mortgage lending, whether that be a business buying their own premises or an investor buying commercial property to let out. In fact, you can use it for almost any purpose. By having a guarantee from the Government, the lender can then agree deals that they would otherwise decline and offer lower interest rates for the lending they agree.

For the borrower there are no

gimmicks, no catches and no other conditions. It is a scheme many of our clients have taken advantage of, often saving £000’s in mortgage interest as a result.

Sadly the scheme remains under the radar. Not all lenders use this scheme, it isn’t widely known about and it won’t be around forever.

For businesses who have property, want to buy or have an existing deal expiring, this scheme may well be worth looking at before it disappears for good. If you want more details about how it works then drop me a line.

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