| UPDATED: 07:16, Mon, Dec 21, 2020
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Applications for the third SEISS grant have now opened, after Chancellor Rishi Sunak announced earlier this year the scheme would be extended. The Chancellor announced that in total two more SEISS grants, each covering a three-month period, will be available to cover November 2020 to April 2021.
Feature: Staying power
Early signs pointed to a catastrophic 2020 for the mortgage market, writes Guy Anker, but it is now in a buoyant position
By Guy Anker 17
th December 2020 3:40 pm
It has been a year like no other in every aspect of life, but the mortgage market has proved resilient in the face of the pandemic.
There were initial concerns the industry could grind to a halt as it did during the credit crunch more than a decade ago. Those worries came as a raft of products were pulled shortly after Covid-19 hit Europe, and the housing market was effectively closed between mid-March and mid-May.
| UPDATED: 15:29, Fri, Dec 18, 2020
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On Thursday, December 17 Chancellor Rishi Sunak announced the Coronavirus Job Retention Scheme (CJRS) will be extended until April 2021. Struggling businesses will also have until the end of March to access Government loan schemes, such as the Bounce Back Loan Scheme and the Coronavirus Business Interruption Loan Scheme.
| UPDATED: 17:18, Thu, Dec 17, 2020
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Earlier this year, the Government announced a package of economic support to help people during the coronavirus crisis. The Self-Employment Income Support Scheme (SEISS) has helped millions of self-employed people throughout the pandemic, and November to January 2021 will be covered by the scheme’s third grant, capped at £7,500. However since the scheme was introduced in March 2020, the Government has faced significant criticism as well as praise over the scheme.
Previously swathes of newly self-employed people have not been eligible to claim from SEISS.
Ahead of the Budget, Rishi Sunak said: Our Covid support schemes have been a lifeline to millions, protecting jobs and incomes across the UK. There s now light at the end of the tunnel with a roadmap for reopening, so it s only right that we continue to help business and individuals through the challenging months ahead - and beyond.
SEISS grant 4: Rishi Sunak announced details of SEISS grant four in the Budget on March 3 (Image: GETTY)
Who could claim the SEISS third grant?
A number of self-employed people were excluded from the Government’s Self-Employment Income Support Scheme third grant.